Honduras is embroiled in a legal battle over the $11 billion Próspera project with cryptocurrency ties. The country has rejected corporate tribunals and withdrawn from the International Centre for Settlement of Investment Disputes, sparking support from economists and experts.
Multinational corps use Investor-State Dispute Settlement provisions in an existing US trade agreement to intimidate Central American countries from strengthening health, environmental & worker protections. @RepLindaSanchez & I urged the Biden Admin to remove such provisions. https://t.co/VWG87h9EFG
In 2009, a Canadian gold mining company tried to sue El Salvador for “lost profits” under toxic ISDS provisions after community action forced a permit suspension. Now, Reps in Congress are calling on @POTUS to remove this provision from CAFTA! 📣 STOP CORPORATE EXTORTION! https://t.co/tADIf9z2vz
The Inter-American Court of Human Rights condemned Peru over one of the world's most polluted towns, an Andean city which is home to a heavy metal smelter that has poisoned residents and the environment for almost a century https://t.co/Vzfaf4vt4P
⚠️ 7 years since El Salvador's historic metals mining ban, groups condemn the criminalization of water defenders & warn that Guatemala's Cerro Blanco mine continues to imperil water sources 📢 FREE the #SantaMarta5 & all political prisoners! 📢 DEFEND El Salvador's mining ban! https://t.co/GZ494Cy0Sj
TUESDAY | #OAS Permanent Council to Receive the President of #Guatemala 📅 March 26 ⏰ 10:00 EST (14:00 GMT) 📺 https://t.co/UNuXoqH8wE 📍 Simon Bolivar room, OAS ℹ️ https://t.co/NnWXJWvo1S https://t.co/qpcN0AfbT3
Yesterday, the @progintl convened experts @ecuarauz, @jmahumadaf, @crpinog, and @AnaArendar at the Presidential Palace in Honduras to support the country’s historic decision to withdraw from the International Centre for Settlement of Investment Disputes. https://t.co/8O5oHTJ3Oy
Corporate Dominance of International Trade System Is Ending, Claim Economists After Honduras Leaves ISDS Court https://t.co/NLHej3tSli
Honduras is withdrawing from ICSID, the arm of World Bank that allows corporations to sue states for enacting policies they don’t like. Big news. Rest of signatories need to leave, too. It’s a racket which renders democracy void. Press conf at Presidential Palace in Tegus👇 https://t.co/cBjubG3i2g
Today, @RepLloydDoggett & I led 45 colleagues in urging the Admin remove ISDS from our trade deal w/Central America & the Dominican Republic. ISDS allows foreign firms to sue democracies over polices that improve labor rights & protect the environment. It is unfair & must end.
NEW: 🇭🇳 Honduras exits the World Bank arbitration body (ICSID) in conflict with the Próspera SEZ, which recently adopted #BTC as its unit of account. ICSID would limit government power and the benefits would be dubious. The project also faces UN human rights concerns. https://t.co/bSDEr0on3M
📢Event on #Venezuela 🇻🇪 🗓️March 26 ⏰2 to 3.30pm (Washington D.C) 👩💻In-person and online. Please register here: https://t.co/sxuwwZTQcw https://t.co/CmPiE1VOiL
#FromTheSouth News Bits | In Peru, leaders of Indigenous communities in the Amazon region denounced the presence of mining groups responsible for contaminating their rivers with mercury for illegal gold mining. https://t.co/HWLFwx3yFq
🇭🇳Honduras Resiste🇭🇳 The Central American country is asserting its sovereignty and democracy, resisting corporate colonialism and an investor rights system that holds governments to ransom. The Progressive International stands with Honduras. Join us. https://t.co/cm0LPUtNhm
Beware Rishi’s free port dystopia Private Government in Honduras Moves Forward https://t.co/gLxewHwkcj
🇭🇳 LIVE from the Presidential Palace, Tegucigalpa: Honduras has rejected secret corporate tribunals. International experts @ecuarauz, @jmahumadaf, @crpinog, and @AnaArendar discuss its exit from the International Centre for Settlement of Investment Disputes. Today, 11am local. https://t.co/wrTxMYzpcB
🇭🇳 LIVE from the Presidential Palace, Tegucigalpa: Honduras has rejected secret corporate tribunals. International experts @ecuarauz, @jmahumadaf, @crpinog, and @AnaArendar discuss their exit from the International Centre for Settlement of Investment Disputes. Today, 11am local. https://t.co/go3VVEB0J3
🇭🇳 LIVE from the Presidential Palace, Tegucigalpa: Honduras has rejected secret corporate tribunals. International experts @ecuarauz, @jmahumadaf, Christian Pino, and @AnaArendar discuss their exit from the International Centre for Settlement of Investment Disputes. 11am local. https://t.co/EEr7ZFOWnj
Honduras Ratchets Up Battle With Crypto-Libertarian Investors, Rejects World Bank Court https://t.co/WPYMatlBkU by @ryangrim
Economists Rally Behind #Honduras in $10.8 Billion Legal Fight Over Crypto Island Project #Próspera https://t.co/pgU94TIiXH
📣 Latest News: Honduras gains new support in $11B tussle with crypto island Próspera #news #cryptonews #crypto