Sunday, April 19, 2015

Argentina Launches Lawsuit Against Falkland Oil Drillers

Argentina presses a lawsuit against three British and two American companies for drilling oil near the Falkland Islands which the Argentinians call the Malvinas. Argentina says the companies were illegally drilling in Argentinian territory and that the riches the companies were taking belong to Argentinians. The UK responded by saying that Argentina needs to stop being a bully and that Argentine domestic law does not apply to the islands. Therefore, Argentina is simply trying to stop economic development on the islands. The article says, the lawsuit will not be successful and that any hope of Argentina gaining from the oil fields will now divert to Chile.

    -Cori Elsesser

http://www.bbc.com/news/business-32354222

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