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The American Empire in a Changing World



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Saturday, January 28, 2012

''Foreign Direct Investment in Colombia: A Critical View''

corporate greed........from nacla........


"In recent years Colombia has become very attractive to multinational corporations, (MCs) particularly those in the mining and oil sectors. Last year alone foreign direct investments (FDI) amounted to about $13 billion, up from roughly 5 billion in 2008. Most of these FDI were in oil and coal and gold mining. 707Pacific Rubiales, Colombia's largest private oil producer (dinero.com)Vast lands, including natural reserves, were given as concessions to foreign companies exacerbating chronic land conflicts in various departments. With this rise in investments those conflicts are only expected to increase, violating ever more human, cultural,labor and environmental rights, particularly for indigenous tribes and Afro descendent groups."

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