Bolivia nationalizes gas industry

May 2nd, 2006 at 19:00 Björn Hallberg

Now we’ll see what the transnational corporations and their government lackeys will do. An important day for the poorest and traditionally most subjugated nation on the American continent nevertheless. After all, these corporations operated for decades and it didn’t make a difference for Bolivia’s finances. Hopefully, if successful, other similar nations may follow suit.

CNN - President Evo Morales has decreed he is nationalizing Bolivia’s vast natural gas industry, sending soldiers to occupy gas fields and threatening to evict foreign companies unless they give the Andean nation control over the entire chain of production.

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