An interesting article by Emma Volonté found on Upside Down World suggests nefarious dealings of a resource extractive company in Guatemala. This should not necessarily be news as we have highlighted many times the workings of, for example, Goldcorp and their Marlin mine in San Marcos. This article looks at the oil extractive concerns in the Petén region and specifically at the workings of the French company Perenco. Despite the fact that it was estimated that tourism would have benefitted Guatemala much more than oil extraction in terms of contributions to the national exchequer, Perenco got its way and has been able to consolidate its 98% monopoly on oil extraction in Guatemala. All very nasty indeed.
Oil Companies and the Subservience of the Government