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)
$0.07589
$0.07589$0.07589
+0.52%
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

Red state gov candidate claims Don Lemon 'lucky' he wasn't lynched

Red state gov candidate claims Don Lemon 'lucky' he wasn't lynched

Journalist Don Lemon's arrest and indictment by the Trump administration promoted howls of outrage from press figures around the country on Friday — but as far
Share
Rawstory2026/01/31 10:44
Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas

Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas

The post Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas appeared on BitcoinEthereumNews.com. :Crypto Daybook Americas By Omkar
Share
BitcoinEthereumNews2026/01/31 10:18
Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

The post Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative appeared on BitcoinEthereumNews.com. Cross-chain bridge Wormhole plans to launch a reserve funded by both on-chain and off-chain revenues. Wormhole, a cross-chain bridge connecting over 40 blockchain networks, unveiled a tokenomics overhaul on Wednesday, hinting at updated staking incentives, a strategic reserve for the W token, and a smoother unlock schedule. The price of W jumped 11% on the news to $0.096, though the token is still down 92% since its debut in April 2024. W Chart In a blog post, Wormhole said it’s planning to set up a “Wormhole Reserve” that will accumulate on-chain and off-chain revenues “to support the growth of the Wormhole ecosystem.” The protocol also said it plans to target a 4% base yield for governance stakers, replacing the current variable APY system, noting that “yield will come from a combination of the existing token supply and protocol revenues.” It’s unclear whether Wormhole will draw from the reserve to fund this target. Wormhole did not immediately respond to The Defiant’s request for comment. Wormhole emphasized that the maximum supply of 10 billion W tokens will remain the same, while large annual token unlocks will be replaced by a bi-weekly distribution beginning Oct. 3 to eliminate “moments of concentrated market pressure.” Data from CoinGecko shows there are over 4.7 billion W tokens in circulation, meaning that more than half the supply is yet to be unlocked, with portions of that supply to be released over the next 4.5 years. Source: https://thedefiant.io/news/defi/wormhole-jumps-11-on-revised-tokenomics-and-reserve-initiative
Share
BitcoinEthereumNews2025/09/18 01:31