Wednesday, May 4, 2011

Tell the Canadian Pension Plan to vote for shareholder resolution

Resolution asks Goldcorp to respect international law and voluntarily suspend the Marlin mine in Guatemala


The Canadian Pension Plan Investment Board currently has $256 million worth of shares in Goldcorp, the company that operates the highly-contested Marlin mine in Guatemala’s western highlands. In May 2010, the Inter-American Commission on Human Rights (IACHR) issued precautionary measures urging that the mine be suspended in order to ensure the health and safety of affected communities, and as a result of the severity of alleged underlying human rights violations regarding the lack of consultation and consent from local indigenous peoples. Almost a year later, the Marlin mine continues operating; intimidation and threats persist against those who are critical or outspoken against the mine.

Shareholders have presented a resolution to Goldcorp asking the company to voluntarily suspend operations at its Marlin mine in compliance with the precautionary measures. The proposal comes in the wake of violent confrontations at the mine site and highlights the increasing national and international press focus on this issue.

Through your pension payments, Canadians help finance Goldcorp’s operations and alleged human rights abuses in the Americas.

Please take action today to tell the Canadian Pension Plan Investment Board to vote for the shareholder resolution.