... Canadian mining company, Gabriel Resources, announced its second threat of arbitration against Romania. Gabriel Resources already has a multi-billion dollar case underway against this country for not having ...
... and royalties, according to the Mines and Geosciences Bureau—less than 1 percent of the country’s GDP. Mineral exports, however, amounted to $4.26 billion in 2018, with Canada, Japan, Australia, and China ...
... by Oceanagold. Company data revealed that some 87 billion pesos worth of copper, gold, and silver were mined by Oceanagold from 2013 to 2018, while only 4.7 billion pesos or only 5.4% were provided in ...
... Canadian firms have already been awarded US$4.4 billion in compensation through this system.
Among the several important findings we highlight in the report, one concerning issue relates to the growing ...
... They are suing for millions and billions of dollars as a result of court decisions, public policies, and other government measures that they claim reduce the value of their investments. In the majority ...
... at over 4 billion dollars;
Luxury housing projects with their swimming pools and golf courses in areas with water scarcity, such as the Encanto Residential Country Club of Zaragoza, have left thousands ...
... threaten the stability of states and human rights", he added.Ecuador represents an emblematic case in this context. The country is currently being forced to pay more than 2 billion dollars only to two ...
... and use some 950 tonnes of cyanide, a deadly toxic. Had these plans succeeded, there would have been global earnings of about $10 billion dollars US.
"El Salvador is a country with serious environmental ...
... Bank to stop enabling a tribunal utilized by multinational corporations to undermine human rights. “Fifty years of ICSID and billions of dollars in corporate awards is enough. It’s time for the World Bank ...
... Bank to stop enabling a tribunal utilized by multinational corporations to undermine human rights. “Fifty years of ICSID and billions of dollars in corporate awards is enough. It’s time for the World Bank ...
... billion in damages under the North American Free Trade Agreement (NAFTA) for being “unjustly deprived” of the value of investments related to the nixed pipeline.
The White House decided just weeks before ...
... Colindres speaks of about 1.3 million ounces of gold – for a market value of more than a billion dollars. And OceanaGold continues to advertise the project. Disguised behind different names, the company ...
... magnate Frank Guistra. Some media slammed Guistra as “persona non grata in El Salvador.” They showcased his billion-dollar global mining investments, labeling him (incorrectly) a major shareholder in ...
... already terrible. But, more terrible is that this is not a unique case: not long ago the Canadian gold mining company Gabriel Resources sued Romania for 6 billion dollars, after the government decided ...
Claire Provost and Matt Kennard - The Guardian
Fifty years ago, an international legal system was created to protect the rights of foreign investors. Today, as companies win billions in damages, insiders ...
... protections,” the TPP and TTIP will pave the way for many more instances of investor-state settlements that allow companies to sue governments for billions through highly secretive hearings and supra-national ...
... target country for over 70% of these suits and has already paid tens of millions to foreign corporations. Canada may have to pay up to $2 billion more in settlements brought under NAFTA.
First published ...
... promote a simple strategy that could save the public billions of dollars.
Yanira Cortez, Deputy Attorney for the Environment for El Salvador's Human Rights Ombudsperson's Office and Marcos Gálvez, President ...
... departments generate US$7.2 billion, which represents a third of the country’s GDP.
“The government is not saying no to mining, but under the current circumstances in the country, at this moment in time, ...
... has obfuscated every step of the way, refusing to pay the $9 billion dollars compensation awarded by Ecuadorian courts in 2011 and then counter-suing the Ecuadorian government.
Many other communities’ ...