tv Transforming Business Deutsche Welle September 14, 2024 5:15pm-5:30pm CEST
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the you're up to date on the w news. i'm married to evans dean. i'll have more headlines for you at the top of the hour from me and the entire news team. thanks for watching the come have a piece of this outtake. the highlights you every week in your inbox, subscribe. now i think the forward is twice think ahead or was outside the box on your but always remember to think for yourselves we all had to sign was incredibly like this is the driving you with free information
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dw made for mind the let me present to you the value of motion, montana. this is where you can see what we say. this is a unit is covered country area for manias, transylvania, it would be a luminous landscape. it would be an industrial mining site. romanian government to screen the multinational corporation from trying to mind these menus for goods using a potentially deadly chemical is what's happening. another the surface area, another up elliptic landscape in this 0 conservation in climate change. our foreign investors trying to see governments, sofas, or climate policies that are in say that the family has been on separate site, the tower communities slicing, assigned to find james,
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we visit 2 countries on all sides of the world. and this episode of transforming business we begin and the like, where he's at region of north run columbia. it's home to be al serra own open pit coal mine, one of the largest in the world. for many years, the mine has been so ranged in controversy over accusations by indigenous peoples of human and environmental abuses. these include air water and noise pollution. its own like and chorus with multi national mining company. it's code is exported globally, including to durham, and to usa carbon dioxide from co kinds for about 40 percent of greenhouse gas emissions from fossil fuels underground and distribution. our coal resides economically important to then course the to sit down. 5
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and say that i have for the finance up with phase these farmers say they were forced to be moved from here by colombian police. the point time to this poster source, to bruno river, which flows through side of homes, mining concession. it's a vein of water and a huge and hit by years of extreme drain and i, lifeline for locals plus its interpreting it. leslie though is it means that i still left the same kind of pony it down. yeah. so how fluent the heat equals, but in this out all you gotta put that some kind of money for the $70.00 sometime be in the $6010.00. now in mind goldstein over $33.00 megan beach, reason for your per day after community pressure in 2017. the columbia and constitutional court moved to put you on a dangerous communities to rely on is this after can core partially change the course of the river to extract more co the for responded to the constitutional
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court decision making of legal proceedings to sue colombia for an undisclosed amount of money, the issue. no, you don't need a lane, go to the see the columbia on board a lot for the ceiling that wrote on when the look at your leisure lane corporate board laid out the mind that i see them. i think a little bit of one of them in dallas been one of the see they looked at me in response can course as it supports breakers, social and environmental practices on this, on some other change against the colombian station money that belongs to the states . but instantly belongs to the next spend. distaste should be injected inclement policies and environmental protection measures. and automates such a time rather than going into pockets of fussy to industry. and this is of device comedy. as environment minister after this interview with us refused to answer
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questions. and the miser sizing potentially be collections in a statement to of course. and our preference is to resolve issues of dispute to constructive engagement because the governments for an amicable settlement is kind of be achieved. we may initiate it, came via the countries that utilizes arbitration processes. when asked about how much and seeking in compensation it's, i'm sorry, your comments. the focus on core is trying to sue the colombian government stands for investors, state disputes estimates. it's a legal framework that lies foreign investors to few governments in which they've invested money or assets if they believe their interests have been adversely affected. the rest and now i see is this place is that it promotes foreigners because investors to be encouraged when based in
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a jurisdiction where often there are uh who level concerns where the local laws insufficient to provide a real protection. investors deprives these economic fights from international any cream and signed by states over the last 50 years. in the case of glen cooler versus columbia, it's using the columbia switzerland financial investment treating as the time it continues to jump because of the branding of fossil fuels. policy makers are opening their gain to curb emissions. i'm protecting the environment. this is leading to a trimming block of fossil fuels. according to a report from the international institute for sustainable development of fossil fuel industry is the most are to just in the system. second most is the mining say i have just been reading 70 was denied and manipulated by corporation who are holding onto their process india to the cheese. incomplete disregard of the broader
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issues i ask you guys, cases are usually quite secretive and to operate inside of domestic courts. in arbitration, the investor points in arbitration or the state of points in arbitration, and both can agree on a 3rd independent arbitration engaging out as president towards charity proceedings . and he's not the same with this as your to take the to the classic example of your savannah factory. is petersburg created by local government. do you really want to have that? uh, just use all the load according to global i, sds, tricare to the number of fossil fuel cases has increased steadily in the last 3 decades. the international institute for sustainable development says, fossil fuel cases also have nearly 5 times higher and average amount of compensation towards it. in the region of $600000000.00. in our scope published in
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the journal science suggested closely, i, sds came from fossil fuel, investors could have managed to over $314000000000.00. and there's been multiple reports from a host of international bodies criticizing the bias. the green policy, the former do in special around mature on human rights and the environments. david boyd said fossil fuel in mining cases, as a deterrent for governments and create a regulatory jail. and that's the topic that policy makers and arbitrators and council heavy directly with for a while in 2018. according to an un reports. new zealand withdrew from counseling existing offshore oil permits because of fears of via c s. when france was allegedly threatened by a noise to yes, low seat from the canadian multinational green group friends of yours says that the country di leased at times for
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a fossil fuel extraction phase i have for 2014 and 10 more. it gets reported that expensive bias the s came supplement, it's chosen 2050 rather than an earlier days for freezing as oil and gas production . but there has been some interesting developments and at least one i is test case and we've travelled to romania to share more. let me present for you the value of washer montana. this is where you can see what we saved. unesco protected areas of transylvania called russia, montana. it would be an industrial mining site. it would be a gigantic propulsion. just imagine trucks that uh, $1520.00 tons heavy going around and just imagine, you know, tons of explosives per day. the romanian government, driven by a local community entrance as being a multinational corporation in an i s p s. k scratched $4400000000.00. the canadian
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company. gabriel resources wanted to excavate these mountains to build one of the biggest gold mines in georgia. in this valley and wanted to build a long rest of want to collect over 200 tons of waste, walter laced with cyanide, attached to chemical use to extract a goat from long the, it kind of looks something like this of mine drainage from a copper line and a ton of rush and montana would have tons of different it would have been another distorted area, another kind of big landscape. well, she in montana is a very old gold mining region. it dates to before the romans. you'll find extensive fund to grind roman mind galleries of 817 and we sure as long people are proud of their mining heritage during communism,
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this region was mind by the romanian governments here in this open pit gold mine. gabriel resources one mining bites in the region in 1999 major national protest because of the community mobilization stools the project and through international attention we meas, locos, who are the backbone of this supposition? the no d, v, and pet 3 sure. he tells us have for years he was heartbroken and destroyed. marley living in constant fear that he will be thrown as bus home. now people are more hopeful as they weren't able to show to the court that they are somewhere in states and that they can take decisions on whether they want to approve a project or not. regardless of the quotes with grip and pressure that gave appraisals put on them. gabriel was or says this now trying to notify the costs of the case. it needs to pay the romanian government and it's a she's most vacation of
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a potential. second. i asked the saxon when we repeatedly asked them for a statement. they never responded. no, they states realized that they can no longer be hostages by corporation who might want to use that mechanism to present them to not implement it which him to men climb mitchell invited to parties back in columbia communities continue to take a stand against coal mining in their beach and that's the problem we have to meet on a month. their futures are and certainly with science test cases finding in the bonds, the look at below what look at what he told us. so you get a lateral, you'll know simple day as a when the got set go instead of by you get a lot was put in c minus they're looking to romania as an example of an example of change in favor of the promise. what do you think of bias?
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yes, case as that is know when the comments below and if he likes this episode, please look at the transforming business playlists for video. some topics just like this one on the watch sitting like growing up, swamped by torres color scheme such as somebody makes i'm this is dream destination in the greek jane seat with the $3000000.00 visitors each year. and it shows as nice as like for young people, the euro mag next on d w. the will tell you the we are happy that we are back to the story. we have a getting
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a visa is more difficult than finding gold hosted to use that for for the future in the stories and issues that are being discussed across the country. news africa. in 60 minutes on d w, the, the city is highly citizenship. so i'm saying it's still place telling us 32000000 people live here. many of them i understand you are so big and has so many people. there must be a way to do business here though, except my parents wanted me to become a civil servant, but i didn't like the idea of getting such an old fashioned job of being stuck with dreams coming through, making money, having
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a fun way not feels injunction stuff, september 19th on d, w, a, sharon tossing what it's like to get a traditional indonesian test to paradise. really. what's the reality of living on of greek island and history of a dumpling. how does this food one save a city from an enemy? see this and more coming up on your own max the .
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