Posted by: Chuck | September 21, 2013

Companies face global risks in land claim disputes

GENEVA (AP) — A new study suggests a huge risk for global businesses: Local communities are disputing almost a third of the land involved in commercial land deals in 12 countries in Africa, Asia and South America. The study for the U.S.-based Rights and Resources Initiative highlights a topic being studied by the World Bank, development organizations and other participants from 40 countries at a conference that began Thursday in Interlaken, Switzerland. It used mapping technology to analyze over 153 million hectares — about the size of the Gulf of Mexico — licensed for everything from agriculture to forestry to mining in Argentina, Brazil, Cambodia, Cameroon, Chile, Colombia, Liberia, Indonesia, Malaysia, Mozambique, Peru and the Philippines. The study found at least 31 percent of the land — an area equivalent to the Appalachian region that stretches from southern New York to northern Mississippi — overlapped with indigenous land claims. It said that put at risk at least $5 billion worth of agriculture production, mostly in Argentina. (Source: AP News 9/20/13)–finance.html



%d bloggers like this: