Reducing deforestation in the Amazon is good policy, but as last week’s summit bringing together leaders of the Amazonian countries demonstrated, it can make for difficult politics. Instead of arriving at regional solutions, the summit exposed divisions in South America on a topic that is high on the global environmental agenda.
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Over the past two decades, Chile has been a place where businesses can operate in a regulatory environment shaped by steady and fair rules, while Argentina’s extensive regulations on prices, taxes and capital controls have made business difficult. However, when it comes to the lithium industry, that narrative has just been flipped.
Along the path of Uganda’s EACOP oil pipeline project, farmers claim they were strong-armed into signing inadequate compensation agreements for their land, while oil companies tout economic progress and downplay allegations of misconduct. With development set to begin, the need to resolve these tensions is growing more urgent.