Arbitration Courts: A Dirty Gold Rush
by Alexandra Endres, Jan 8, 2016
Pacific Rim, a Canadian gold mining company, is suing El Salvador for $301 million in lost profits. Salvadorians oppose the mining because of the likely contamination of their drinking water. Can a poor country prohibit its exploitation for the sake of the environment? Foreign investors should not have special rights to sue. Can compensation be demanded when a country follows the democratic will of its population? Is a way of development being forced on a country?