The Peruvian Ministry of the Environment (MINAM) on Friday issued a public statement refusing the Republican Assembly’s approval of Bill 412, which exempts bankrupt mining companies from complying with environmental certifications.
In October 2021, Congressman César Manuel Revilla, a popular group of parliamentarians, introduced the bill. Establish special measures for companies undergoing bankruptcy restructuring to strengthen environmental management in affected areas or areas with mining environmental liabilities. After the text of the bill was approved, the executive branch voiced its opinion, but a panel of parliamentary spokespersons denied the allegations and made them available for a vote at the plenary session.
MINAM is a branch of the Peruvian executive branch. Promote the conservation and sustainable use of natural resources, increase biodiversity and environmental quality for the people and environment of Peru.
In a statement, MINAM strongly rejected Bill 412, stating that “mining companies in unstable economic conditions or in bankruptcy are not allowed to engage in legal arguments that affect the health of the population and do not guarantee environmental considerations.” In order to make it possible, it is infeasible.” MINAM is asking Congress to reassess the law as it does not guarantee compliance with environmental regulations.