Investing in Destruction: Glamis Gold
Investing in Destruction: Glamis Gold . demonstrates how investment rules can undermine environmental protections. A new claim under the investment rules in Chapter 11 of NAFTA has been initiated by Glamis Gold, a Canadian mining company that has demanded $50 million in compensation from the US because of California restrictions on open-pit gold mining. The initiation of the claim reinforces the threats to environmental laws from investment rules, and raises important new issues about risks to indigenous communities.
By Oxfam, Friends of the Earth, US.