Venezuela is close to passing a law to update the country’s mining regulations and attract private investment in gold, silver, coltan and other minerals. But advocacy groups say the law may end up exacerbating deforestation and pollution in mining areas where environmental damage is already an issue. The legislation is part of a broader effort to bring in international investment following the January capture of President Nicolás Maduro by the United States, which has expressed interest in Venezuela’s natural resources. Acting President Delcy Rodríguez introduced the bill to the National Assembly in early March, outlining a framework to allow private investment in mining while maintaining strong state control over the sector. While some environmental protections are included in the bill, critics say they’re not rigorous enough to prevent ongoing deforestation or human rights abuses in mining zones. The law passed by unanimous vote April 9 and now needs official approval from Rodríguez. “We denounce that this legal and political framework, rather than being a regulatory instrument for control and transparency, will only generate a veneer of legality for the current systematic plundering of the Amazon and the Guiana Shield, deepening the serious environmental deterioration and the violation of human rights that are taking place,” said a statement signed by 15 advocacy groups. The law reinforces state control over the country’s mineral resources while creating pathways for outside investment, allowing authorized private companies and joint ventures with the state to participate in mining operations. It also formalizes artisanal mining, requiring miners…This article was originally published on Mongabay
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Ah, the smell of capitalism is like the smell of pending desolation in the morning.



