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International Update Volume 46, Issue 5

AUSTRALIAN ENERGY COMPANY PLEADS GUILTY TO BREAKING DISCLOSURE LAWS

Australia

AGL Energy Company pled guilty to 11 counts of breaking political donation disclosure laws. The prosecution followed a probe by anti-coal and gas activists, who prompted the Environmental Defenders Office (EDO) to investigate AGL’s failure to provide full disclosure on donations made to New South Wales Labor and Liberal parties. The findings of the EDO showed that, since 2008, AGL has failed to disclose as much as $51,500 in reportable donations. During this period of time, AGL sought to drill 110 seam gas wells.

INDIA STOPS IMPORT OF POTASH DUE TO DROUGHTS

Brazil, China, India

India halted potash imports and postponed negotiations around next year’s imports until June 2016 due to weak demand caused by drought. Potash is a crop nutrient that is used to fertilize farmland. This is India’s first halting of potash imports in years and comes alongside decreased demand from China and Brazil as well. India’s major suppliers of potash include Uralkali, Potash Corp. of Saskatchewan, and Arab PotashCo. Even with this decision, India has 1.1 million tons in potash inventory, which highlights the crisis that India’s farm sector is experiencing.

COLOMBIA’S HIGHEST COURT BANS MINING AND OIL EXTRACTION IN THE ANDES

Colombia

Colombia banned mining and oil companies from extracting resources from the Andes. This decision follows a lawsuit against the Colombian National Development Plan, which allowed for extractive activities in the moorlands. When the National Development Plan passed, more than 71,000 people joined campaigns to protest the law. The recent court decision cancels 473 preexisting mining titles for the moorlands. In effect, this means that even the mining companies that have environmental licenses and their paperwork in order will not be able to conduct mining explorations.