sharing in governance of extractive industries
Hello Environmental Governance and Conflict Prevention colleagues.
Received this article below from a colleague in Colombia and thought it might be of interest - it focusses on a significant conflict related to gold mining and ecosystem services in the Andes mountain range, Santurbán region. These high altitude wetlands, known as páramos form an area that supply water to millions of people. The Colombian Court has ruled that there was not adequate public participation in defining the boundaries of the páramos, sensitive high altitude wetlands where mining is prohibited.
The article after the link is in Spanish.
This decision by a Colombian court follows much controversy about mining in this area. In 2016, the private investment arm of the World Bank - IFC, decided to divest from the mining project of Canadian company Eco Oro Angostura gold and silver deposit in the Santurbán region. Another aspect of Eco Oro's controversial approach is the company's late 2016 decision to take the Government of Colombia to Arbitration with the World Bank's International Centre for Settlement of Investment Disputes. The claim relates to Eco Oro's dispute with Colombia that the state's measures to regulate mining activity in ecologically sensitive areas are allegedly inconsistent with the Canada-Colombia Free Trade Agreement.
Others may have more insight or correct any errors I have made? This case highlights many aspects of policy challenges that contribute to mining dispute and conflict - including public participation in decision making, adequate access to information, and whether private investment tribunals infringe on state sovereignty to regulate natural resources domestically.
What are your thoughts?