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Friday, March 20, 2015

When 21 countries voted 'no' on a trade-investment agreement

An egregious case in point that I have been following since 2009: A global gold-mining firm has sued the government of El Salvador (ironically, at the very venue El Salvador voted "no" to in 1964) for not granting it a mining concession. But, this corporation — Pac Rim, now owned by Canadian/Australian OceanaGold — never had an actual mining concession and itnever fulfilled the key legal requirements to get its hoped-for concession. Moreover, should not the government of El Salvador have the right to protect its key watershed from the environmental ravages of gold mining that will use cyanide and release arsenic embedded with gold in the rock?
http://thehill.com/blogs/pundits-blog/international/236195-when-21-countries-voted-no-on-a-trade-investment-agreement

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