Jaybee Garganera of Alyansa Tigil Mina says there will be a failure of governance when powerful politicians are behind mining corporationsJaybee Garganera of Alyansa Tigil Mina says there will be a failure of governance when powerful politicians are behind mining corporations

‘Call of the times’: Environmentalists urge passage of anti-dynasty law

2025/12/11 14:13

MANILA, Philippines – A coalition challenging large-scale mining called on the government to pass an anti-dynasty law, echoing a broad progressive movement in protest of the political dynasties connected to the corruption scandal in the country.

“When politicians are beneficial owners or when politicians are part of the value chain of mining operations, we cannot expect compliance with environmental laws and other regulatory policies,” said Jaybee Garganera, national coordinator of Alyansa Tigil Mina (ATM), on Thursday, December 11.

Advocacy watchdog Global Witness and ATM released a report Thursday linking nickel mined in the Philippines to leading manufacturers of electric vehicles.

The report traced ties between Marcventures Mining and Development Corporation – linked to the President’s cousin and former House Speaker Martin Romualdez – and Chinese metal traders supplying materials for carmakers. Marcventures operates a nickel mine in Surigao del Sur covering 4,799 hectares.

“There will be failure of governance where powerful politicians are behind [these] mining [corporations],” Garganera said, adding that they have been recommending the passage of such a law as a response to the “call of the times” when the country is mired in the flood control corruption controversy. (READ: Tracing the money, exposing the network: A year of Rappler investigations)

President Ferdinand Marcos Jr. already had the anti-dynasty bill on top of his priority legislation. A day before the Palace announcement, the Anti-Dynasty Network was launched.

Must Read

Martin Romualdez and his mining interests

Transparency in extractive industry

Aside from the anti-dynasty law, Garganera said they are also advocating for a bill on extractive industry transparency to “force” firms into disclosing contracts, payments, and the beneficial owners of the companies.

Transparency on the value chain of extractive industries can help watchdogs monitor if manufacturers are assessing risks to human rights and environment.

The report included anecdotes of fishers and farmers in Cantilan, a town in Surigao del Sur, affected by Marcventures’ mining operations. Interviews in the report tell of a decrease in fish stocks, polluted irrigation canals, and deforestation.

“Our investigation found that communities and the environment are being sacrificed on the road to net-zero,” said Hannah Hindstrom, lead investigator at Global Witness, on Thursday.

“Downstream companies, mostly in the global north, extract enormous profits from the Philippines’ nickel industry. But people on the ground pay a heavy, heavy price. Only robust rules that hold the most powerful accountable can help create a fairer and more just world,” Hindstrom added.

The Philippines is the second-largest producer of nickel in the world, following Indonesia. Nickel is among the top minerals needed for the global shift to renewables, along with lithium, cobalt, and copper. – Rappler.com

Market Opportunity
Mina Protocol Logo
Mina Protocol Price(MINA)
$0.07749
$0.07749$0.07749
-1.86%
USD
Mina Protocol (MINA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

World Liberty Financial Approves 100% Treasury Fee Allocation for Token Buybacks

World Liberty Financial Approves 100% Treasury Fee Allocation for Token Buybacks

The post World Liberty Financial Approves 100% Treasury Fee Allocation for Token Buybacks appeared on BitcoinEthereumNews.com. World Liberty Financial passes governance proposal with 99.8% community support Platform will use all treasury liquidity fees for WLFI token buybacks and burns Token remains down 28% from launch despite previous burning of 47 million tokens World Liberty Financial has passed a governance proposal directing 100% of treasury liquidity fees toward token buybacks and permanent burns following disappointing price performance since its September launch. The Trump family-backed cryptocurrency project secured overwhelming community approval with 99.8% voting in favor while only 0.06% opposed the measure. The approved mechanism aims to reduce circulating supply and create additional demand through systematic token removal from markets. According to the governance proposal, this strategy “removes tokens from circulation held by participants not committed to WLFI’s long-term growth and direction, effectively increasing relative weight for committed long-term holders.” Multi-Chain Implementation Targets Supply Reduction The buyback program will collect fees from WLFI liquidity positions across Ethereum, BNB Chain, and Solana networks. These accumulated fees will fund open market purchases of WLFI tokens, which are subsequently sent to burn addresses for permanent removal from circulation. However, the proposal lacks specific estimates regarding fee generation amounts, making it difficult to assess the potential market impact of the buyback operations. The platform has not disclosed projected revenues or timelines for meaningful supply reduction through this mechanism. The governance vote occurred nearly three weeks after WLFI’s September 1 token launch, which resulted in a 40% price decline within the first three trading days. This sharp correction caused substantial losses for early investors and whales who participated in the initial distribution. Current market data shows WLFI trading at $0.2223, representing a 28% decline from launch levels according to CoinMarketCap. The continued price weakness persists despite the project’s previous attempt to support valuation through a 47 million token burn executed on September 3.…
Share
BitcoinEthereumNews2025/09/20 12:39
The best IPO stocks to watch in 2026

The best IPO stocks to watch in 2026

The post The best IPO stocks to watch in 2026 appeared on BitcoinEthereumNews.com. This year has seen more than two hundred companies going public, and with some
Share
BitcoinEthereumNews2025/12/31 19:26
Stop Building AI Features Without Doing This First

Stop Building AI Features Without Doing This First

In social media, precision matters, especially in the wild context of comment threads. Think Outcomes, Not Features. Always define the problem before thinking about
Share
Hackernoon2025/12/31 13:01