Tag Archives: Argentina

Coke, Nestle Near Ownership of World’s Second Largest Aquifer

A concerted push is underway in South America that could see the Guarani Aquifer, one of the world’s largest reserves of fresh water, soon fall into the hands of transnational corporations such as Coca-Cola and Nestle.

By Elliott Gabriel. Published 2-26-2018 by MintPress News

The Guarani Aquifer. Image: Public Domain via Wilimedia Commons

 

A concerted push is underway in South America that could see one of the world’s largest reserves of fresh water soon fall into the hands of transnational corporations such as Coca-Cola and Nestle. According to reports, talks to privatize the Guarani Aquifer – a vast subterranean water reserve lying beneath Argentina, Brazil, Paraguay, and Uruguay – have already reached an advanced stage. The deal would grant a consortium of U.S. and Europe-based conglomerates exclusive rights to the aquifer that would last over 100 years.

Named after the Guarani indigenous people, the Guarani Aquifer is the world’s second largest underground water reserve and is estimated to be capable of sustainably providing the world’s population with drinking water for up to 200 years. Environmental groups, social movements, and land defenders warn that the exploitation of the freshwater reserve could see the 460,000-square mile (1.2 million sq. km.) reservoir sacrificed for the short-term profits of agribusiness, energy, and food-and-drink giants. Continue reading

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US Inequality Crisis Worst in Industrialized World. Trump Will Make It Worse.

If the policies favored by the Trump administration—including massive tax cuts for the rich and reductions in spending on Medicaid and education—go into effect, the U.S. will only fall further in the global rankings

By Jake Johnson, staff writer for Common Dreams. Published 7-17-2017

“Policymaking processes dominated by elites undermine democracy,” Max Lawson and Matthew Martin write. (Photo: Dean Chahim/Flickr/cc)

The United States is already the most unequal industrialized nation in the world, and a new report published on Monday shows that President Donald Trump’s agenda would only make matters worse.

“The Commitment to Reducing Inequality Index,” developed by Oxfam in partnership with Development Finance International (DFI), uses several factors to “measure the commitment of governments to reducing the gap between the rich and the poor.”

Compared to other wealthy nations, the report concludes, the U.S. is doing “very badly” in the fight against income and wealth inequality. Continue reading

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Million-Liter Cyanide Spill in Argentina Highlights Canadian Mining Crimes

‘They cannot continue to handle affairs that are so delicate, that affect the environment and people this way.’

By Deirdre Fulton, staff writer for Common Dreams. Published 9-25-2015

The Argentine government announced it was launching a legal investigation of the Canadian firm to see if there had been any criminal wrongdoing. If so, the company will allegedly face sanctions. The firm is already being sued in civil court over the leak, with plaintiffs demanding that it pay compensation for harm done to people, goods, and the environment. (Photo: ProtestBarrick.net)

The Argentine government announced it was launching a legal investigation of the Canadian firm to see if there had been any criminal wrongdoing. If so, the company will allegedly face sanctions. The firm is already being sued in civil court over the leak, with plaintiffs demanding that it pay compensation for harm done to people, goods, and the environment. (Photo: ProtestBarrick.net)

Highlighting how corporate extractivism and lack of accountability is driving the destruction of Latin American communities, a Canadian mining company has now confirmed that more than one million liters of cyanide solution spilled from the Barrick Gold Veladero mine in San Juan, Argentina this month—making the spill more than four times larger than originally estimated.

The Toronto-headquartered mining company initially said it had spilled just 224,000 liters of the toxic liquid, used to leach gold from processed rocks, into the Potrerillos River. On Wednesday, the corporation amended its statement (pdf) and said that in fact 1.072 million liters of a cyanide and water solution were spilled due to a failure in one of the valves in the mine’s pipes. Continue reading

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