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Each year one in every five foreign direct investment dollars in the Global South flows through project finance transactions. These transactions consist of large-scale energy and infrastructure projects, and consistently produce deleterious effects on third parties. Until now, much of the legal...
Persistent link: https://www.econbiz.de/10013121604
The sky has fallen. We are now firmly rooted in a new epoch scientists have named the Anthropocene, where the activities of humans will most certainly negatively impact the trajectory of Earth and its inhabitants. What the Anthropocene fully holds is uncertain, but there are a few clues. The...
Persistent link: https://www.econbiz.de/10012926227
Mexico's recent energy reform portends a new era of private engagement in the oil and gas sectors. According to government officials and industry leaders, the opening of energy reserves for private development will spur economic growth and establish the country as a leader in the energy arena....
Persistent link: https://www.econbiz.de/10012926228
Natural gas sits in deposits across vast regions of the United States, and hydraulic fracturing (“fracking”) is the current method used to extract it. Fracking for natural gas has been billed as the next economic boon to poor communities and the key to mitigating the negative effects of...
Persistent link: https://www.econbiz.de/10013056877
This chapter explores the dominant mechanism for financing energy development projects — project finance — and argues that the assumptions supporting its prevalent use are ill suited for sustainable development in the Global South. This critique aligns itself with the growing chorus of...
Persistent link: https://www.econbiz.de/10014147434