Digging out of Canada's mining dilemma
According to the Guardian, it's [a gold- and silver-mining operation in Guatemala run by a subsidiary of Canada’s Goldcorp.] drawn numerous local complaints for “intimidation, threats, social division, violence, bribery and corruption of local authorities, destruction and contamination of water sources, livestock dying, houses shaking, cracked walls, the criminalization of protest, forest cleared, and appalling health impacts such as malnutrition and skin diseases.” An indigenous man who spoke against the mine was beaten and burned alive by hooded men who first questioned him about anti-mining activities. Goldcorp has denied the allegations.
In the past, Canadian companies haven’t been held responsible for actions of foreign subsidiaries—but that may change...
*Sourced by RepRisk due diligence on ESG and business conduct risks, www.reprisk.com.