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natural resources


AU prioritises mining, intra-Africa trade
The Continental Free Trade Area offers African producers and investors an unique opportunity to benefit from this important market.
Correa: ’corruption’ lets Chevron off hook for Amazon pollution
The ruling from the District Court of the Hague in favor of U.S. oil giant Chevron effectively exonerated the company from any responsibility for remediating the contamination in the Amazon.
French firm attacks Ugandan tax using ISDS
The heavily criticized legal mechanism, known as ISDS, is an important tool for European companies to pressurize developing countries. This year Uganda joins the rank of developing nations asking themselves: “Why have we ever signed this?”
3 Ways the TPP Will Hurt the Climate—If We Let It Pass
The Trans Pacific Partnership is in climate denial - nowhere in its more than 5,000 pages does it mention climate change.
Mooted free-trade area seen boosting intra-African minerals trade flows
Formal negotiations are taking place among the 54 member States of the African Union to create a free-trade zone on the continent by 2017.
Canada, Japan clash over timber in TPP talks
One of Canada’s most protected industries — British Columbia timber — has been targeted by Japan in the massive Trans-Pacific Partnership trade talks, The Canadian Press has learned.
Six tough questions about the China trade deal
Gus Van Harten, author of ’Sold Down the Yangtze,’ breaks down the Canada-China Foreign Investment Promotion and Protection Agreement’s impacts.
LPG firm’s investor seeks compensation
A shareholder from the United Kingdom of the company Progas Pakistan has initiated international arbitration proceedings of $573 million against Pakistan for alleged expropriation of its LPG infrastructure in Karachi and the government has decided to vigorously contest the case.
Complex trade pacts promote land grabs
Multiplicity of bilateral investment treaties (BITs) and free trade agreements (FTAs) leave room for some investors to take advantage of African resources, it has been asserted at a CUTS meeting in Geneva last week
ICSID: Ecuador Unlawfully Seized U.S. Firm’s Oil Investments
The World Bank’s International Center for the Settlement of Investment Disputes has handed down a ruling against the Ecuadorian government, finding that it “unlawfully expropriated” U.S. firm Burlington Resources’ investments in two oil blocks.
Gas imports: India wants US to consider free trade pact
To enable import of gas from the US, India has asked the US Government to consider a free trade agreement (FTA).
US firm to launch NAFTA challenge to Quebec fracking ban
A US-incorporated energy firm, Lone Pine Resources Inc., is taking on Quebec’s stand against fracking, saying it violates the North American free-trade agreement and demanding more than $250-million in compensation.
Developing countries query European bid to abolish sugar quotas
The ACP Sugar Group has recently been made aware through media reports of an “impact study” made by and for the European Commission, reportedly due for release in October 2011. This study refers to proposals for changes in the European sugar regime. It is hoped that this is not accurate as some of the key assumptions and results are more than questionable.
The alarmingly uneven deal of the India-EU FTA
For over four years now, India has been negotiating a Free Trade Agreement (FTA) with the European Union (EU) - the largest trade and investment deal the country has ever embarked on. As much as New Delhi expects to lure the European market and investments closer to India, the actual consequences for the country’s economy could be dire: the open up of public procurement, the deregulation of the banking, automobile, retail and mining industries plus the adverse impact the deal will have in small-scale farmers make of this FTA a counter-productive undertaking.
China eyes ASEAN resources from free trade pact
A free trade agreement between China and its Southeast Asian neighbours, which takes full effect from January 1, will help China fill its urgent need for natural resources, a senior commerce official said on Tuesday.
Medvedev trip looks to secure Africa’s riches
President Dmitry Medvedev is embarking Tuesday on a four-day African tour, beginning with a visit to Egyptian President Hosni Mubarak before moving on to Nigeria, Namibia and Angola. Medvedev’s trip appears focused on helping Russian companies gain additional access to the continent’s natural resources wealth.
Fatal clashes erupt in Peru at roadblock
The indigenous groups in Peru have surprised the authorities with their sudden strength and organization and are now threatening to blunt President Alan García’s efforts to lure foreign investment to the region.
Amazonian Indigenous protest provokes Peruvian government reprisals
After more than six weeks of protests by Peru’s Amazonian indigenous groups that have included blockades of major roads and waterways and the shutting down an oil pipeline pumping station, the Peruvian government has begun to crack down.
Indigenous leaders declare hunger strike in Peruvian Congress to protest FTA decrees
As the Peruvian government declared a state of emergency in the face of one month long indigenous protests, 42 indigenous leaders have entered the Peruvian Congress to announce a hunger strike until the issue of a repeal of decrees affecting the territorial rights of indigenous peoples in the Amazon is debated by the full legislature. The decrees, which were passed to facilitate the Free Trade Agreement with the United States, facilitate the transfer of Amazon land and resource rights to oil, mining, logging and agricultural companies to the detriment of indigenous and campesino inhabitants. They also set the stage for the privatization of water resources.