How can a Canadian Mining company sue El Salvador for $301 million dollars? | WHAT REALLY HAPPENED

How can a Canadian Mining company sue El Salvador for $301 million dollars?

Whereas Guatemala has 40 per cent forest cover, El Salvador has only 13 per cent, two per cent of which is indigenous forest growth. According to Cortez, the country is entering into a period of severe water stress, with more than 90 per cent of surface waters contaminated.

With this crisis on the horizon, Salvadorans have been demanding a halt to all mining in the country. Over seven years, three successive Salvadoran governments have responded to these broad-based anti-mining movements by upholding a defacto moratorium on new metal mining projects.

When in 2008, then-president Saca denied permits to Canadian mining company Pacific Rim, the country found itself caught in a web of international corporate law and free trade agreements. OceanaGold bought Pacific Rim in 2013 and has taken up the former company’s mantle, continuing to pursue the $301 million lawsuit against El Salvador.

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