Petition to the Caisse de Dépôt et de Placement du Québec

We demand that the Caisse de Dépôt et de Placement withdraw all Canadian taxpayer money from the companies Goldcorp Inc. because through these investments we are helping to finance very controversial extractive projects in Guatemala known to cause serious human rights abuse and environmental damage.

We demand that the Caisse de Dépôt et de Placement withdraw all Canadian taxpayer money from the companies Goldcorp Inc. because through these investments we are helping to finance very controversial extractive projects in Guatemala known to cause serious human rights abuse and environmental damage.

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852 Signatures
852Laurent ThouinApr 30, 2017
851justine danielJan 11, 2017
850Claude DeschênesMay 01, 2016
849Diane DufourDec 14, 2015
848Andrew Richards Dec 05, 2015
847Jonathan LaforestNov 13, 2015
846Dominic TibérioNov 13, 2015
845Jean HudonNov 07, 2015
844Vincent DuhamelSep 08, 2015
843Christiane BaileySep 08, 2015
842Andrée-Anne GrattonSep 08, 2015
841Antoine Verret-HamelinSep 01, 2015
840Christian LoupretMay 18, 2015
839Jean-Paul SalaunMay 15, 2015
838Pascal LévesqueMay 14, 2015
837Marcel PlamondonMay 14, 2015
836Clément BernierMay 14, 2015
835françois girardMay 14, 2015
834Marie-Pier GirardMay 13, 2015
833Maud ReidMay 13, 2015
832N KobingerMay 13, 2015
831Luc BéginMay 13, 2015
830Patrice simardMay 13, 2015
829Line MartineauMay 13, 2015
828Leblanc AndreMay 13, 2015
827Maddie SillivosApr 23, 2015
826alexa guttroffApr 23, 2015
825kayla biereiApr 23, 2015
824Nick LeporeApr 23, 2015
823John WaggonerApr 23, 2015
822Karen MaalaApr 23, 2015
821Jennifer GonzalezApr 23, 2015
820zachary calilungApr 23, 2015
819Jake WoodleeApr 23, 2015
818Clare SitzerApr 23, 2015
817Caeli KoizumiApr 23, 2015
816Cameron Kurozawa-ChowApr 23, 2015
815celina deleonApr 23, 2015
814Monica HongApr 23, 2015
813Sarah FreebergApr 23, 2015
812Megan McLaughlinApr 23, 2015
811Bryce CurreyApr 23, 2015
810Patrick FosterApr 23, 2015
809Charlie ShoupApr 23, 2015
808Emilia SheltonApr 23, 2015
807Annie StrugatskyApr 23, 2015
806Eric EscalanteApr 23, 2015
805Katia ValenzuelaApr 23, 2015
804Dylan GasperikApr 23, 2015
803Fadia AlhallakApr 23, 2015

CALL TO DIVEST QUEBECOIS TAXPAYERS’ MONEY FROM THE CANADIAN COMPANY GOLDCORP INC.

It has come to light that the money that 4 million Quebecois taxpayers pay into the Régie de Rentes du Québec is being used to support this company’s activities through investments made by the Caisse. Indeed, on September 30, 2013, the Caisse de Dépôt et de Placement invested as much as 246 million dollars of our assets in Goldcorp.

Numerous international human rights and environmental NGOs, as well as Guatemalan scientists, journalists and communities, continue to alert the public and the competent authorities to the extractive activities of Goldcorp Inc. in Guatemala. This Canadian company, which is listed on the Toronto Stock Exchange, owns three mining projects in Guatemala aimed at extracting gold and other precious metals (Marlin, Cerro Blanco and Chocoyos projects). Goldcorp also participate to Tahoe Resources mining project Escobal as a main shareholder, holding 40% of that other mining company.

Very serious allegations of human rights abuse and environmental destruction have been leveled against these mining projects. Ecosystems, and in particular waterways and groundwater tables, have suffered long-term contamination due to the use of explosives and toxic solvents such as arsenic, mercury and lead. These extractive operations have caused serious public health issues in nearby communities, as is the case in the area surrounding the Marlin project, in operation since 2005. Disturbing heavy metal blood levels and a high frequency of miscarriages and respiratory and skin diseases have all been observed by several human rights organizations. Goldcorp and Tahoe Resources’ mining projects in Guatemala have been imposed on the local indigenous populations without them being able to exercise their collective right to free, prior and informed consent, even though this right is enshrined in several  instruments of international law, notably Convention 169 of the International Labour Organization ratified by Guatemala. The Guatemalan state has nonetheless granted exploration and operation licenses to the two Canadian companies without consulting and obtaining the consent of the peoples to be affected by these two extractive projects, in violation of international law.

There is considerable public opposition to these mining projects in Guatemala. In more than 74 informal popular consultations held since 2005, more than a million Guatemalans have clearly shown by a very large majority that they are opposed to these extractive projects, and especially those of Goldcorp and Tahoe Resources. Guatemalan individuals and organizations that oppose the mining industry often face threats and are targeted for attack. This life-threatening repression has already led to the deaths of several people, including human rights defenders. This alarming trend peaked in March 2013 with the kidnapping of four Xinca community leaders and the assassination of one of the kidnapped leaders, all of whom were opposed to the Escobal project.

Apparently, the Caisse de Dépôt et de Placement du Québec aims to base its investment decisions on certain ethical principles, chiefly because it claims to take into consideration the risks and extra-financial activities of the corporations of which it becomes a shareholder.

The Caisse states that she “promotes responsible investment in various ways, [including] exclusion from its portfolios of securities in violation with local or international law” (www.lacaisse.com, page viewed on Jan. 7, 2014).  Likewise, the Caisse has adopted the United Nations’ Principles for Responsible Investment (PRI), which recognizes the importance of institutions taking into account the risks and environmental and human costs of industries when making investment decisions.

Our financial ties with Goldcorp and Tahoe Resources make us key actors in the effort to bring the human rights violations and environmental destruction in Guatemala to a halt. Now more than ever, it is time to act, and especially regarding the very controversial Chocoyos extractive project, for which Goldcorp has obtained a license to operate but extraction has not yet begun.

We demand that the Caisse de Dépôt et de Placement withdraw all Canadian taxpayer money from the companies Goldcorp Inc. because through these investments we are helping to finance very controversial extractive projects in Guatemala known to cause serious human rights abuse and environmental damage.