Latin America

Ecuador Plaintiffs File $18 Billion Lawsuit Against Chevron In Canada

Topics: 
Corporate ethics, Oil & gas industry, Environment, Latin America
Rating: 
3

Nasdaq – May 30, 2012

Lago Agrio plaintiffs from the Amazon communities have filed Wednesday a lawsuit in the Superior Court of Justice in Ontario in order to enforce a ruling by an Ecuadorean court, obtained after 19 years of litigation, against U.S. energy giant Chevron Corp. (CVX) that called for $18.2 billion in damages.

The enforcement lawsuit is seeking the seizure of shares and assets of Chevron Canada as it does not currently hold any assets in Ecuador. Chevron said it will vigorously defend against any enforcement action, and added that the Ecuador judgment is not enforceable in any court that observes the rule of law.

Police in Honduras Accused Of Corruption, Killings

Topics: 
Corruption, Policing, Latin America
Rating: 
2

Annie Murphy – February 11, 2012

Honduras is hot, mountainous and about the size of the state of Louisiana. According to the United Nations, the Central American nation is also the world's most violent country.

A mix of drug trafficking, political instability and history has contributed to a murder rate that is now four times that of Mexico. The Peace Corps has withdrawn its volunteers.Contributing to the volatility are the police themselves.

Brazilian president's anti-corruption success

Topics: 
Anti-corruption efforts, Latin America
Rating: 
2
Dilma Rousseff

Alejandro Salas – January 6, 2012

I was quite impressed when I heard that Brazilian President Dilma Rousseff concluded her first year in government a few days ago with an approval rating higher than that of her predecessor, the charismatic Lula da Silva.

Her popularity is currently close to 75 percent. Her government’s approval is at 56 percent, which is even better than the 51 percent Lula had when he finished his first twelve months in office. I believe this is a result of her image of being intolerant towards corruption and providing sound economic management in times of global crisis.

Collapsed Chilean mine 'reopened after bribes', despite fatal accidents

Topics: 
International, Corruption, Regulatory oversight, Latin America
Rating: 
0

Nico Hines – August 30, 2010

THE Chilean mine where 33 men are trapped should not have been allowed to reopen after fatal accidents forced its closure, say officials and miners.

Alejandro Garcia-Huidobro, chairman of the parliamentary committee investigating the tunnel collapse, has lent his support to widespread allegations of corruption and bribery surrounding the reopening in 2008 of the San Jose mine in Chile's Atacama desert.

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