Mining giant Glencore continues to commit serious environmental and human rights violations in its mines in Peru and Colombia despite public promises to respect human rights and the environment, according to three news reports by advocacy organizations.
Teck’s plan to sell its Elk Valley coal mines to Swiss mining giant Glencore has raised alarm bells on both sides of the Canada-U.S. border amid negotiations over an international inquiry into extensive water contamination from the mines.
The country’s new president has been vocal about plans to leave fossil fuel extraction behind. But the country faces an uphill struggle to do this in practice.
U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”
The commodities giant is the last of the world’s large miners to retain a presence in thermal coal, a currently lucrative business but one seen by some as harmful to the environment.
