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Civil society letter to Canadian Pension Plan about risks of its investment ahead of Pan American-Tahoe Resources merger
Author: MiningWatch Canada & Breaking the Silence Maritimes-Guatemala Network , Published on: 4 January 2019
In 2017, it was reported that the CCPIB, like other major pension funds, no longer had shares in the company. But with the recent announcement of this merger we are concerned that once again the hard-earned pension funds of Canadian workers will be tied to such a conflictive mine with great possibility for future repeated abuses. Whereas both Tahoe and Pan American have been reporting positively about the potentiality and prospects of this mine, which would thrust Pan American into the position of “world’s largest silver producer”, we write to inform you of continued ongoing concerns around disclosure, opposition to the Escobal mine, and the likelihood of further human rights abuses if communities’ rights are not respected. As such, we would like to take this opportunity to express our concerns and alert the CPPIB of the potential risks of such a transaction.