Politics, Business & Culture in the Americas

Monday Memo: UN General Assembly and Climate Summit – Leopoldo López – El Salvador – Conflict in Guatemala – Clorox



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This week’s likely top stories: World leaders gather for the UN General Assembly; Leopoldo López’ trial resumes in Venezuela; U.S. to approve aid to El Salvador; 8 killed in Guatemala conflict over cement plant; Clorox discontinues operations in Venezuela.

World leaders converge in New York; thousands march for action on climate change: Some 140 heads of state have arrived in New York City to participate in the UN General Assembly at United Nations headquarters, where the General Debate opens on Wednesday, September 24. Along with U.S. President Barack Obama, the presidents of Brazil, Chile, Mexico, Argentina, Bolivia, the Dominican Republic and Honduras are expected to speak on Wednesday, followed by more speeches from Latin American leaders throughout the week. Meanwhile, this Sunday, over 300,000 demonstrators marched through Manhattan to call for international leaders to take action regarding climate change. The march came ahead of Tuesday’s 2014 UN Climate Summit, where world leaders will be discussing ways to reduce emissions, promote sustainable agricultural practices, and develop clean energy, among other goals, and large companies will be making pledges to reduce their carbon footprint.  This week’s summit comes ahead of two global summits on climate change in Peru and France—the COP20 conference in Lima in December, and the COP21 conference in Paris in 2015.

Leopoldo López goes to trial: The trial of Venezuelan opposition leader Leopoldo López will resume today over López’ role in the national protests that rocked Venezuela this spring. López has been imprisoned for seven months on charges that he had incited violent protests in February, including charges of criminal association and arson. López and his family have maintained his innocence, and human rights groups have said that López and other Venezuelan political prisoners should be released.  Until now, López’ defense team has not been allowed to produce evidence or witnesses to support his case. López could face more than 13 years in prison if he is found guilty.

U.S. will provide $277 in aid to El Salvador: The U.S. is expected to sign off on a $277 million economic aid package for El Salvador now that the U.S. Treasury Department has confirmed that it will not hold up the funds due to its concerns about money laundering. El Salvador is currently in the process of reforming its standards to police money laundering and corruption more effectively, recently passing a bill to report on the financial transactions of powerful individuals and their families.  $101 million of the U.S. aid package has been allocated to provide job training for young Salvadorans who might otherwise leave the country and migrate to the United States.

Clash over cement factory in Guatemala kills 8: At least eight people were killed and dozens injured in a clash late Friday between community members in the town of Los Pajoques, about 25 miles from Guatemala City. The chain of violent events is one in a series of conflicts surrounding a cement plant and highway that have been under construction in the town of San Juan Sacatepéquez since July 2013, and that many community members oppose due to environmental concerns. Cementos Progreso, which owns the plant, said that its employees and the families that have sold their land have been harassed by the plant’s opponents. Meanwhile, protesters who have opposed the project since 2007 say that they have received threats from people they believe are affiliated with the project.

Clorox to leave Venezuela: Clorox Company announced today that it will immediately discontinue its operations in Venezuela due to hyperinflation, supply shortages and price freezes. The company is seeking to sell its assets, but the move will cost Clorox $65 million. The household products company said that the economic situation in Venezuela forced Clorox to sell products at a loss, and the company could not break even, despite price increases approved earlier this year by the Venezuelan government. A number of other U.S. companies, including Exxon Mobil and American Airlines, have either left Venezuela entirely or drastically cut their operations in the country.



Tags: Clorox, Leopoldo Lopez, UN General Assembly, Venezuela
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