This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Sunday, June 2, 2013
Chile bans operations at Barack's $8.5bn gold project, imposes $16m penalty
Chile has temporarily banned operations at gold producer Barrick Gold's flagship $8.5bn Pascua-Lama gold project claiming violations in terms of environmental liabilities.
More on Energy Business Review.
Barrick Gold Corp. NYSE: ABX,(TSX: ABX), (ABX:New York) is a Global Compact participant since 2005/06/02.
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