Many communities have mobilized in opposition to prevailing mining models in Argentina this year. The use of road blocks to obstruct exportation of goods has been one popular tactic. However, these demonstrations have often been suppressed by police force. On several occasions the residents and activists have been beaten, abused and detained by the police with the approval (tacit or not) of provincial and national authorities. The development of these mining projects has already interfered with people's fundamental right to water and their constitutional right to a healthy environment. There are growing concerns that individual political freedoms are also in danger. more[...]
Mention the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank” or the “Act”),[1] and most people think of legislation aimed at “fundamental reform of the financial system”[2] focused on regulation of Wall Street practices and complex financial products. But tucked within the voluminous text of the Act (which consists of 2,300 pages and stipulates the passage of 387 rules by 20 different agencies[3]) is a provision having nothing to do with these issues or anything remotely related to them. Instead the “conflict minerals” provision of the Act requires companies that are subject to the reporting requirement of the federal securities laws to disclose whether they manufacture products using so-called “conflict minerals” sourced from the Democratic Republic of Congo (“DRC”) or contiguous countries.[4] more[...]
Capturing the Gains research into the global production of mobile phones traces the connections between armed factions, poverty and violence in the Democratic Republic of the Congo and mobile phone users worldwide. The critical link is coltan, or columbite tantalite. It is the raw material for tantalum, an essential mineral in the manufacture of mobile phones, computers and other electronic equipment. more[...]
The Equator Initiative - a United Nations-led partnership which recognizes the success of local sustainable development projects with the biennial Equator Prize - has launched a series of 127 case studies and a volume of “lessons-learned” outlining the key components of successful, community-based development initiatives. more[...]
Gold smuggled from eastern Congo’s war zone is now the most lucrative conflict mineral and is ending up at jewelry stores and banks, according to a new investigative report by the Enough Project. The study found that following a 65 percent drop in profits from the conflict minerals tin, tungsten, and tantalum, armed groups have increasingly turned to smuggling the fourth conflict mineral, gold, to generate income that finances mass atrocities in eastern Congo. The armed groups use poorly paid miners, who work in dangerous conditions, including thousands of children as young as eight years old. The study maps out how conflict gold makes its way from eastern Congo to consumers worldwide who purchase it in the form of wedding rings and watches, and investment banks that buy gold bars. more[...]
This is the first of two papers on the illegal conflict-gold trade from eastern Congo that is fueling one of the most violent conflicts in the world. This paper tracks the transnational trade from mines in eastern Congo to consumers. The second paper will map a way to resolve this problem by setting out recommendations to formalize the trade, cut down conflict-gold smuggling, and create jobs to provide living wages to Congolese miners. more[...]
Global Witness is outraged by a lawsuit filed by the American Petroleum Institute (API), the U.S. Chamber of Commerce and others to gut Section 1504, an important anti-corruption provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (1) By seeking to nullify this provision, API, whose members include BP, Chevron, ExxonMobil and Shell, and other industry groups are demonstrating that they have something to hide. Any claims by API that they support transparency efforts are preposterous when they are not only trying to weaken the rules but to strike Section 1504 in its entirety. more[...]
In 2008, ActionAid started campaigning to remove biofuels targets that are having a detrimental effect on poor and marginalised communities around the world. We did so in response to calls from communities and partners we work with in the global south, for whom the impact of biofuels production was becoming untenable. Countless cases of land grabs by multinationals to produce industrial biofuels for export to rich countries were the main issue. more[...]
World Bank Group President Jim Yong Kim today told the Bank’s shareholders he wants the institution to become a solutions Bank that can work with partners and help “bend the arc of history” to eliminate extreme poverty. more[...]
Can extreme poverty be eliminated in the next 20 years? With much of the world still mired in an economic slump, the question might seem ill-timed. Yet, as heads of state arrive in New York on Monday for the 67th United Nations General Assembly, this goal should be at the top of the agenda. more[...]
The world financial and economic crisis has reversed recent growth trends in the world’s poorest nations, dampening the prospects that half of the 48 least developed countries (LDCs) will be able to “graduate” from that status by the end of the decade, as called for by last year’s international conference on LDCs, UNCTAD research shows. The present study, which is the outcome of ongoing work by the UNCTAD secretariat on LDCs, assesses the challenges, opportunities and prospects for meeting the criteria for graduation, particularly by enhancing the role of commodities and improving agricultural productivity. more[...]
The Forum, a global gathering of CIF’s diverse stakeholders, will offer plenary and parallel sessions to explore ways to maximize CIF’s effectiveness. At the Forum, the AfDB will lead a session on “Enabling Environment as an Engine for Private Sector Contribution to Sustainable Development” on November 6 from 2:00-4:00 pm. The event features discussions on Legal and Regulatory Frameworks, Fiscal Risks and Incentives and Technical Capacity and Procurement Methods. more[...]
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