Amid TPP Fight, El Salvador Mining Case Shows Danger of Corporate Tribunals

Photo: CIEL, BY-NC-SA
Shakedown-extortion of tiny El Salvador by Canadian based Pacific Rim Penny Stock Mining company, now owned Australian OceanaGold. OceanaGold’s stock is worth a paltry $2.94. They, and others, have found a way to make money other than mining – shaking down countries. They are suing El Salvador for $301 million for refusing them a mining operation permit. This was made possible by NAFTA’s extension to Central America, called CAFTA: http://www.citizen.org/documents/Pacific_Rim_Backgrounder1.pdf
From Common Dreams:
“Amid TPP Fight, El Salvador Mining Case Shows Danger of Corporate Tribunals
A Salvadoran delegation is in Canada this week to warn of how investor provisions threaten democracy, public health, and environment, by Deirdre Fulton, staff writer, Published on Monday, May 11, 2015, by Common Dreams
On September 15th, 2014, the Center for International Environmental Law joined a broad coalition from labor, environment, immigrant, faith, and trade sectors to protest at the World…
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