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Wednesday, 19 September

01:11

Pathway to remedy human rights abuses at Porgera mine identified "IndyWatch Feed Enviro.pacific"

A new report commissioned by Barrick Gold has been published on the serious human rights situation at the Porgera mine.

Download In Search of Justice Porgera Gold Mine (6mb)

The report, by California based nonprofit BSR, reveals there is a backlog of more than 940 human rights cases registered, plus other victims who have not yet made their claims known.

The report recommends Barrick needs to make a number of immediate fixes, address longer-term issues, and take preventative action to avoid future harms.

BSR believes that addressing claims at these three levels is the only way to ensure a robust and sustainable approach to remedy.

00:30

Resource Agreements Unfair: Haiveta "IndyWatch Feed Enviro.pacific"

Mayur Resources managing director Paul Mulder signing an agreement in 2017 with Gulf Provincial Governor Chris Havieta 

Post Courier | September 18, 2018

GULF Governor Chris Haiveta has told his people that current agreements for oil, gas and forestry were not negotiated in their favour.

Delivering his independence message in Kerema last weekend, Mr Haiveta said he wants all agreements under the UBSA and LBSA re-visited and re-negotiated.

He said he felt his people the majority resource owners had been short changed and robbed of their resources.

Mr Haiveta and his people hosted Governor General Sir Bob Dadae over the Independence long weekend.

He said: Our province recognises that current resource agreements in oil and gas and f...

00:26

Indigenous Wixarika Leader and Activist Murdered in Mexico "IndyWatch Feed Enviro.pacific"

From TeleSUR

Photo: Facebook Ismerai Betanzos

The Indigenous Wixarika Marakame, spiritual leader and community security council member Margarito Diaz Gonzalez has been murdered in his home in Aguamilpa, Nayarit, western Mexico.

People close to Diaz Gonzalez said he was at home with his wife when someone knocked on the door on Saturday. He was then shot in the face as he opened it. Despite being an important figure in his community, both in spiritual and political terms, the police didnt open an investigation. It wasnt until his funeral on Tuesday that the news emerged, putting pressure on the government.

The Marakame dedicated his life to the preservation of the Wixarika culture and the defense of their ancestral territory in the face of continuous invasions by companies and landowners.

He was a representative of his community at the Security Council of Wirikuta, aiming to protect the sacred desert lands to which Wixarikas peregrinate and which is under threat from Canadian mining companies. He was also a member of the Wixarika Union of Ceremonial Centers of Jalisco, Durango and Nayarit.

His activism and prominent leadership among the Wixarika peoples had made him a well-known figure in the countrys Indigenous and environmental struggles, which often go hand-in-hand.

Recently, Diaz Gonzalez was demanding authorities help the community and fence off 3.5 hectares of the Tatei Haramara sacred area because of recent incendiary attacks on the ceremonial center.

The Wixarika people demanded the governor of Nayarit, Antonio Echevarria, investigate the crime, find the people responsible and respect Indigenous rights.

In 2017, Miguel Vazquez and his brother Agustin, also prominent rights defenders in their community, were murdered in Kuruxi Manuwe, southern Jalisco.

W...

Tuesday, 18 September

11:05

Financial Investments in Fossil Fuels Now Questionable "IndyWatch Feed Enviro.pacific"

Table 1. Standard & Poors Companies 1980 2018*

IEEFA Update: The investment rationale for fossil fuels falls apart Institute for Energy Economics & Financial Analysis

From an Article by Tom Sanzillo and Kathy Hipple, IEEFA, August 27, 2018

An outdated mindset that no longer lives up to its hype! For decades, the fossil fuel sector literally fuelled the global economy and powered the worlds investment markets.

This is no longer the case. The long-standing and now outdated investment thesis around fossil fuelsthat such holdings would make large and reliable annual contributions to institutional fundshas crumbled.

The sector now lags the broader market, and the one-time assumption that an oil and gas companys value equalled the number of barrels of oil, or reserves, it owned has collapsed alongside the core steady-returns rationale for investing in the sector.

A new paradigm is emerging: Cash, revenue, and profits matter, and risks cannot be ignored. Fossil fuel companies are responding in different ways to this shift, some more responsibly than others. But some companies (and their investors) ignore whats happening, and they do so at their peril.

The absence of a coherent and honest industry-wide value thesis today places fossil fuel investors at a true disadvantage. The days of powerhouse contributions by such companies to investment fund bottom lines are over. The risks of continuing to invest in coal, oil and gas are formidable and unlikely to abate.

Given the industrys lackluster rewards and the daunting risks it faces, responsible trustees and investors must ask: Why are we in fossil fuels at all? (See our recent report on that question here).

In the early 1980s, fossil fuel stocks comprised seven of the top 10 companies in the Standard and Poors 500 Index. Today, only one, ExxonMobil, is in that class, where it ranks seventh after having been number one as recently as 2010.

* Table 1: Standard and Poors Top 10 Companies, 1980-2018 (Source: https://...

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