Oil Companies and the Subservience of the Government

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.

Advertisements


Categories: Justice, Land

Tags:

Post comments here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: