Fracking Our Way to a Toxic Planet, When corporations roll back environmental protections to exploit our natural resources, they’re also exploiting us

Fracking Our Way to a Toxic Planet, When corporations roll back environmental protections to exploit our natural resources, they’re also exploiting us by Michael T. Klare, April 2, 2012, Mother Jones
The Third World increasingly isn’t what it used to be. Many countries in the global South are becoming more protective of their environments, ever more inclined to take ever larger cuts of the oil wealth of their own countries, and ever more inclined to punish foreign companies that abuse their laws. In February 2011, for example, a judge in the Ecuadorean Amazon town of Lago Agrio ordered Chevron to pay $9 billion in damages for environmental harm caused to the region in the 1970s by Texaco (which the company later acquired). Although the Ecuadorians are unlikely to collect a single dollar from Chevron, the case is indicative of the tougher regulatory climate now facing these companies in the developing world. … The formula for making Canada and the US the “Saudi Arabia” of the twenty-first century is grim but relatively simple: environmental protections will have to be eviscerated and those who stand in the way of intensified drilling, from landowners to local environmental protection groups, bulldozed out of the way.

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