Protest Pays Off As World Bank-Funded Guatemalan Project Killed
Protest Pays Off As World Bank-Funded Guatemalan Project Killed
Published 27 December 2016
The World Bank was funding the hydroelectric project despite human rights abuses and the strong opposition of local residents.
Spanish mining giant Hidralia has abandoned its hydroelectric project Cambalam in Santa Cruz Barillas, in the department of Huehuetenango, under pressure of local social movements, it announced via a communique issued Monday.
“Hidro Santa Cruz S.A. (affiliated with Hidralia) will not continue (its activities) in Guatemala and is currently in process of extinction,” stated the company.
The decision followed months of negotiations with the government, with the firm finally admitted that it could not meet the technical and economic requirements to move the project forward.
More:
http://www.telesurtv.net/english/news/Protest-Pays-Off-As-World-Bank-Funded-Guatemalan-Project-Killed-20161227-0027.html
Environment & Energy:
http://www.democraticunderground.com/1127107147
