Big Bad Canada Pushes to Protect Profits from Mexico

https://www.globalresearch.ca/big-bad-canada-pushes-protect-profits-from-mexico/5819420

The Trudeau government is pressing Mexico to maintain its loosely regulated, pro-capitalist mining policies.

Recently the Mexican government initiated more socially and ecologically sound mining legislation. The reform shortens mining concessions, tightens rules for water permits and requires companies to provide at least 10 per cent of profits to the communities where they operate. In “Mexico’s ‘shock’ new mining law hurts juniors most,” Mining.com complains that “companies now have to deal with an increased burden of pre-consultation, impact studies and water concessions, among other things. The new law also requires financial commitments (bonding) that would be difficult to meet for junior explorers.” While Canada’s many “junior” exploration firms will be adversely affected, the reforms will benefit local communities and the environment. But that hasn’t stopped Ottawa from pressing the Mexican government to shift gears.