Hafnium

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Saturday, June 30, 2007

Secret trade agreement delayed, Peru asked to comply with environmental (and other) standards

How will this affect Grupo Mexico, their Southern Peru Copper mine and Asarco's wish to push a re-opening in El Paso by August, next month? Could it be that the Bush Administration (whose Carlyle group owns much of Grupo Mexico) might have to acknowledge what happened here in El Paso and Corpus Christi and clean up -- rather than continuing to make money dumping environmental liabilities on the taxpayers here, and taking away profits?

"Democratic leaders in Congress put off a vote on trade agreements with Peru and Panama until those countries revamp their laws to comply with new labor and environment standards in the accords. The demand is a blow to the Bush administration, which pressed the Democratic majority in Congress to have the Peru agreement approved next month."
http://www.chron.com/disp/story.mpl/business/4933661.html

How will this affect Grupo Mexico, the Southern Peru Copper mine and Asarco's wish to push a re-opening in El Paso by August, next month?

"
"Democratic leaders in Congress put off a vote on trade agreements with Peru and Panama until those countries revamp their laws to comply with new labor and environment standards in the accords. The demand is a blow to the Bush administration, which pressed the Democratic majority in Congress to have the Peru agreement approved next month."