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, September 9, 2012
Chile Court Ruling Has Potential Implications For Barrick Gold’s Mines
Barrick Gold Corporation (NYSE:ABX) might have another problem on its hands as far as the Pascua-Lama project is concerned. The Chilean Supreme Court struck down the planned 2,100-megawatt, $5 billion Castilla thermoelectric power plant project this week, citing environmental concerns.
More on Trefis.
Barrick Gold was a 2008 Contributor of the Foundation for the Global Compact.
Labels:
(ABX),
(NYSE:ABX),
Barrick Gold,
Canada,
Chile,
environment,
impact assessment,
Principle 7,
Principle 8,
TSX
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