Showing posts sorted by date for query NORTHERN GATEWAY. Sort by relevance Show all posts
Showing posts sorted by date for query NORTHERN GATEWAY. Sort by relevance Show all posts

Wednesday, September 23, 2026

 

Gold is tariff-proof. Canada has $11 billion a year of it stuck in permitting 


Aerial view of the Côté gold mine in Ontario. Credit: Iamgold via Facebook.

Canada spent the first half of September answering Washington’s trade escalation dollar for dollar after the United States imposed 50% tariffs on a broad range of Canadian goods that extend well beyond the stated grievances of autos, dairy and alcohol.  

Canada’s counter-tariffs on C$27.6 billion ($19.7 billion) of US imports took effect September 8 and this week the same government hosted the first Canada Investment Summit in Toronto, putting a 167-project prospectus in front of investors managing a suspiciously rounded C$100 trillion. 

American managed money, rather uncomfortably, accounted for the bulk even with the world’s richest sovereign wealth funds in the same room. Ottawa has been tight-lipped, but leaked reports count about $360 billion in pledges. Mining is the largest category by number with 63 entries, but cheap at the price at a little over $53 billion required.  

Mining is dwarfed by mega projects like the $57 billion expansion of the ice-free-for-four-months-of-the-year Port of Churchill, a $44 billion offshore wind farm off Nova Scotia to slow global warming (something those advocating for Churchill may want to work into their base case), and a $25 billion oil pipeline to the Pacific that would have to succeed where Northern Gateway did not. 

Sitting on gold mines 

Three gold projects have confirmed they are in the book: Troilus in Quebec, NexGold’s fully permitted Goldboro in Nova Scotia, and Canagold’s New Polaris in British Columbia. They belong to an entirely different category from the tentpole projects. These, and a dozen other Canadian gold projects we looked at, have mine plans and declared reserves, the capital required is barely in double-digit billions, the studies are done, and in five cases the only thing between the owner and a construction decision is one government signature.  

At today’s gold price they would produce a shade under $11 billion a year in revenue on an initial capital bill of $9.4 billion from thirteen published numbers (and another billion-odd estimated for the remaining two).  

That’s enough to buy almost 50 medium ice-breaker escorts, hook up a third of the nacelles (depending on prices for rare earth, which Canada is still attempting to mine) needed for phase one of Wind West and a decade’s worth of ESG red tape and lawsuits for the pipeline. 

Gold is the one major Canadian export for which the American market is optional. Bullion enters the US duty-free, and that status was even reaffirmed by a Trump executive order last September when Swiss kilobars were slapped with a 39% duty after a customs cock-up. 

In any case, it does not need the American market: doré poured in Canada is refined and sold into London and Zurich at the same price on the same day.  

At roughly $4,300 an ounce, Canada’s 213 tonnes of 2025 mined output ranked fourth in the world and was worth close to $30 billion. The question this piece asks: is how much more is sitting in the permitting queue, and how quickly it could fill Canadian coffers. 

We screened Canada’s gold development projects for three things: a prefeasibility or feasibility-level mine plan, which under CIM rules is the minimum for declaring a mineral reserve; a meaningful reserve; and no construction decision taken.  

That last test drops some of the country’s most talked-about projects. Kinross’ Great Bear was fast-tracked by Ontario in February but is still at PEA stage with no reserves. Agnico Eagle greenlit the $2.4 billion Hope Bay mine in May. Osisko Gold Group took the construction decision on Cariboo on September 14, the morning the summit opened. Fuerte’s Coffee project in Yukon is building its access road ahead of a feasibility study due in the fourth quarter. 

Fifteen projects survive, ranked on contained gold in proven and probable reserves (a measure of scale, not value): New Polaris at the bottom of the list grades 9.94 g/t, Hammond Reef near the top grades 0.84 g/t).  

Together they hold 36.6 million ounces of reserves. Using the owners’ published production profiles, or their own internal estimates where no study exists, they would produce around 2.5 million ounces a year at steady state, roughly 78 tonnes, or a 35–40% increase on Canada’s current output. At $4,300, that’s $146 billion over the mine lives.  

Crown achievement 

For a country counting tariff losses, quick wins before the trade winds change direction again should be a no-brainer. Gold mines are unusually good taxpayers. On top of the 26.5% corporate rate every other industry pays, a mine pays a provincial mining tax or duty on profit first, taking the combined government share of its operating margin to roughly 34% in Ontario, 37% in BC and the Northwest Territories, 40% in Nova Scotia and 42% in Quebec.  

Using an industry-average cost of $1,800 an ounce and $4,300 gold, the 15 projects would send on the order of $2.4 billion a year to federal and provincial treasuries, and something like $33 billion over their lives, about half of it to Quebec. Those are mature-year figures as a new mine writes off its construction capital before paying meaningful income tax, so the early years yield far less. All the more reason to start blasting sooner rather than later.  

The $2.4 billion is also a good chunk of what Finance Canada could raise from counter-tariffs, or put another way, how much more Canadians have to fork out for the same things they wanted up until September 7. Those who are doing their patriotic duty by forgoing Jack and coke want to know. 

The best laid plans  

First gold pour at these projects cluster at the end of the decade: Windfall in 2029 if its Quebec approval lands this year, Troilus, Springpole, Upper Beaver and Fenn-Gib around 2030, Goldboro as early as 2028, Marban and Wasamac in 2033-34. Almost all of those are management targets (or if we must import corporate speak from softer industries: “aspirational”) rather than study schedules.  

The construction periods behind them are short, one to three years, but in Canada’s permitting hell that hardly matters. S&P Global’s survey of mines that started up between 2020 and 2023 found they took an average of 17.9 years from discovery to first production, five years longer than a decade earlier, with almost all of the stretching out coming from permitting and the wait between feasibility study and construction. Gold mines were the fastest, at only 15 years (yes, only).  

Canada, on S&P’s small sample, was among the slowest countries in the world at 27. Not to put too fine a point on it, but that’s hitting pay dirt under Jean Chrétien and still waiting to be paid for dirt under Mark Carney. 

PwC’s Mine 2026 report puts the Canadian figure at about 20 years to permit and build, six more than Australia. Australia’s blanket tariffs are capped at 12.5% and Albanese decided against counter tariffs. Same insult, less injury.  

Waiting room 

Several projects on this list are already deep into that two-decade clock.  

Gold Fields’ Windfall has a Cree agreement, 12 km of underground and a $1.9 billion budget, and has been waiting since the first quarter for a COMEX decision. Falco’s Horne 5 has a three-month-old feasibility study and Glencore’s smelter next door and is waiting on a Quebec decree. First Mining’s Springpole cleared its federal review in June, eight years after it began, and is now waiting on Ontario. 

Agnico Eagle‘s Hammond Reef has both federal and provincial environmental approvals and, on Agnico’s own 2020 numbers, would produce a glittering 272,000 ounces a year; the company says it is not approved for development. Upper Beaver, Marban and Wasamac are on a schedule that runs to 2033. 

How much of that is Agnico’s own sequencing and how much is its read on how long the remaining permits will take is Agnico’s to say. What the numbers say is that a single company holds a quarter of the queue, and that its earliest-permitted project is the one with no date attached. 

Dead in the water 

Our 15 projects may well prosper soon, but examples of Canadian permit peril and regulatory ruin are not hard to find.  

Take Taseko Mines’ Prosperity copper-gold deposit at Fish Lake, one of the largest undeveloped in the country. It received British Columbia’s environmental certificate in January 2010. Ottawa rejected it that November over the plan to use a lake called FISH lake for tailings (sounds bad, sure, but Taseko was going to build a new lake with all 85,000 rainbow trout relocated).  

Taseko redesigned it, resubmitted it as New Prosperity, and was rejected again in February 2014. Four months later the Tŝilhqot’in Nation won the Supreme Court title case that reset the ground rules for the whole region.  

A decade of litigation followed, ending in June 2025. Taseko gave up and BC forked over C$75 million. Sixteen years after the provincial approval, the deposit is still in the ground and nobody is proposing to do anything in the area other than fly fishing. 

Don’t bother  

NexGold’s Goldboro, which just yesterday said hoes and dozers are now on site, is the exception that proves the rule. Fully permitted, with a Crown lease and a Mi’kmaq benefits agreement, it is waiting on financing rather than a signature. It is easy to blame permitting (guilty as charged) for the inertia in Canada’s mining industry, but TSX Venture juniors still have to raise the capital.  

The Productivity Mega Deduction (a name which veers into Big Beautiful Bill territory at a time Canada is trying to distance itself from bluster from the south) will help build mines, but the ambitions of the summit’s marquee vehicle, the C$50 billion Maple Fund launched by CPP Investments and Brookfield, are too lofty for the grassroots.  

The fund is looking for opportunities with more than C$5 billion of project equity. Not one of the fifteen gold projects clears that bar and six of them need less than C$500 million each: the kind of cheque that the MF cannot be bothered to write.  

Even the most expensive gold mine ever built in the country, Iamgold and Sumitomo’s Côté in Ontario, came in at a billion below. And that was after a C$2.3 billion budget blowout.  

The rest of the list is earlier. Thesis Gold’s Lawyers-Ranch, Mayfair’s Fenn-Gib, St Barbara’s 15-Mile hub and Canagold’s New Polaris all entered environmental review in the past year. Valor’s Courageous Lake has not applied.  

Queue the fast track 

Canada has four: the federal Major Projects Office, Ontario’s One Project One Process, Quebec’s new Filon stream and BC’s priority list. Two of the 15 are in one, Troilus and New Polaris. The other thirteen, including Windfall, Horne 5, Hammond Reef and Springpole, are on the standard track.  

Carney told reporters after the summit that the standard would now be “one project, one review, one year.” But much like those pesky interprovincial barriers Carney says cost “up to $200 billion” a year and promised to sweep away with “one Canadian economy, not thirteen,” and which the provinces have yet to dislodge no matter how loudly Trump’s tariffs are derided from podiums, it is often in the provinces that the fast track goes off the rails.  

Provinces control much of the review, and the 15 show where the test lies: Quebec holds the decisions on Windfall and Horne 5, Ontario on Springpole, and Agnico’s four sit in both. The projects are known, studied and in several cases already approved by one level of government.  

Everything on the table is at $4,300. The banks think that is low. J.P. Morgan’s research desk has gold averaging $5,400 by the end of 2027 and calls $6,000 a realistic longer-term target; Wells Fargo has $5,800 to $6,000 by the end of 2027. Goldman Sachs, after trimming, still has $4,900 for year-end.  

Ottawa, you can do the math. 

Wednesday, September 16, 2026

 

Canada courts C$1 trillion with mining at centre of pitch


PM Mark Carney emphasizes mining in Canada’s C$1 trillion global investment bid. (Photo by Lars Hagberg | PM Office.)

Prime Minister Mark Carney is putting mining at the centre of Canada’s bid for C$1 trillion ($721 billion) in global investment as Ottawa seeks capital to build mines, processing plants and the infrastructure needed to get more of the country’s resources to market.

More than a third of the 167 projects being pitched at the first Canada Investment Summit in Toronto this week involve minerals and mining. The broader portfolio spans energy, infrastructure, manufacturing and technology as the government brings Canadian businesses face-to-face with some of the world’s largest investors.

The mining-heavy pitch comes as escalating trade tensions with the US increase pressure on Canada to diversify its economic relationships and find new markets for its resources. But attracting investors is only part of the challenge: Canada must also show it can permit, finance and build major projects quickly enough to compete for global capital.

Mining capital

Carney invited 100 of the world’s biggest investors, collectively overseeing more than $70 trillion in assets, to the summit.

Expected attendees include BlackRock chairman Larry Fink and Temasek CEO Dilhan Pillay, along with managers of Norway’s government pension fund and representatives of state-owned companies such as Abu Dhabi National Oil Co.

Among the mining companies seeking capital is Troilus Mining (TSX: TLG), which needs $1.43 billion to develop its gold-copper project in Quebec. The prospectus also includes a nuclear-fuel services project described as Canada’s first uranium refining and conversion facility in more than 40 years.

The investment gap leaves substantial room for growth. BMO Equity Research forecasts annual Canadian development capital expenditures will increase more than 11% over the next two years. 

Mining companies covered by BMO are expected to spend about C$350 billion on operating costs, sustaining capital and growth projects to produce Canadian metals and minerals over the next five years.

Beyond commodities

Canada’s opportunity extends beyond extracting commodities, BMO Global Metals & Mining analyst Matthew Murphy said in an investment report. Additional capital is needed for copper smelting and refining, by-product recovery, battery precursor materials, rare earth separation, magnets, graphite processing and recycling.

Building those capabilities could allow Canada to capture more value from its mineral wealth instead of relying primarily on upstream production.

The country has already produced major mining companies and attracted some of the world’s largest operators, giving investors exposure across commodities and market capitalizations. They range from Canada’s Agnico Eagle Mines (TSX: AEM; NYSE: AEM) to global miners Glencore (LSE: GLEN) and BHP (NYSE: BHP; LSE: BHP).

For investors gathering in Toronto, BMO’s analysis suggests the opportunity is therefore broader than financing individual mines. Reaching Canada’s investment ambitions will require capital for infrastructure, mineral production, processing and downstream industries that can turn its resource base into more complete domestic supply chains.

Carney’s push for investment also extends beyond Canada’s borders. After the summit, he is scheduled to travel to Saint-Pierre-et-Miquelon, France, on Sept. 20 to meet French President Emmanuel Macron.

The two leaders are expected to discuss deeper cooperation in strategic sectors including energy and critical minerals, along with aerospace and advanced technologies such as quantum computing, satellites and supercomputing. The talks come as Canada pursues closer economic and security relationships with France and the European Union.

Carney has also put figures with deep business and investment experience in key government positions. He appointed Dominic Barton, chair of Rio Tinto (ASX, LON: RIO) and a former Canadian ambassador to China, as chair of Invest in Canada, the federal agency responsible for attracting foreign direct investment.

Building challenge

For miners, access to capital solves only one part of the development equation.

Carney has moved to streamline project approvals and accelerate major developments, but Canada’s lengthy permitting processes and history of delays remain potential obstacles to converting investment commitments into producing mines and processing facilities.

The issue is particularly acute in mining because deposits cannot be moved to jurisdictions offering faster approvals. Developing a mine can require billions of dollars in upfront investment alongside roads, power, processing plants and transportation infrastructure before its commodities reach customers.

Energy investors have faced similar problems. Carney has reversed some climate policies introduced under former prime minister Justin Trudeau and supported the prospect of another oil pipeline, yet some executives remain wary after previous projects failed to advance.

Enbridge Inc.’s (TSX: ENB) proposed Northern Gateway pipeline had its federal approval overturned by a court, while TC Energy (TSX: TRP) abandoned its C$15.7-billion Energy East project to carry crude to Eastern Canada.

Canada could encourage reluctant investors to move off the sidelines by putting government capital behind projects, according to TD deputy chief economist Derek Burleton.

The summit’s success could ultimately hinge on whether Canada can move beyond supplying raw materials and attract the investment needed to build domestic refining, processing and manufacturing capacity that captures more of their value.

(With files from Bloomberg)


Investment in Canada’s mining sector to grow with global demand: BMO


Saskatchewan, the heart of Canada’s potash industry, is a top destination for mining investments. (Image courtesy of Potash Corp.)

Canada’s mining sector could capture a larger share of global capital as rising critical-mineral demand, expanding development spending and government support create opportunities from mines to processing, according to BMO Global Metals & Mining. 

The outlook comes ahead of the Canada Investment Summit on Sept. 14-15, which aims to bring together major global investors and business leaders to help catalyze C$1 trillion ($721 billion) in total investment in Canada over the next five years, according to Matthew Murphy, BMO’s managing director, Equity Research. The federal government has identified critical minerals as one of the key areas for attracting that capital. 

Canada already ranks as the world’s largest potash producer, second-largest uranium producer, and fourth-largest gold producer and aluminum refiner. Global mining expertise and leadership as well as government regulators that aim to develop the industry domestically, give the country an established base from which to expand. 

Development spending is also returning to corporate capital allocation plans. As of 2025, companies planned about C$120 billion of spending on projects included in Natural Resources Canada’s 10-year Major Projects Inventory outlook, Murphy said. That is C$50 billion more than in the 2018 outlook, though still well below the previous cycle’s peak of about C$220 billion in real 2026 dollars. 

The investment gap leaves substantial room for growth. BMO Equity Research forecasts annual Canadian development capital expenditures will rise more than 11% over the next two years. Mining companies covered by BMO are expected to spend C$350B on operating costs, sustaining capital, and growth projects to produce metals and minerals in Canada over the next five years.  

Investment in key areas 

BMO’s study asks investors to shift from upstream towards downstream investment to make end-to-end production in Canada a reality. That spending could reinforce Canada’s position as governments seek more secure supplies of commodities essential to energy, defence and advanced manufacturing, while miners increasingly consider the country for new development capital, the bank says. 

For that shift to happen, the next mining investments need to focus on domestic copper smelting and refining, by-product capture, battery precursor materials, rare earth separation and other specific materials smelting and production, BMO recommends. 

Infrastructure has always been a key area for investing in mining, but it now can unlock new mining districts and generate new opportunities across the country, from British Columbia to Ontario’s Ring of Fire to Nunavut in projects ranging from gold, nickel and lithium.  

Considering the importance of critical minerals in the global market, BMO recommends developing niche critical-mineral supply chains, which may require government intervention where market economics alone are insufficient. 

Targeted price supports could be needed for some commodities, while capital and regulatory backing for vertical integration could help companies develop more profitable downstream portions of the critical-mineral supply chain, Murphy said. 

Those measures could address some of the challenges facing critical-mineral projects, including volatile prices, limited domestic processing capacity and competition for investment capital.  

Infrastructure financing may provide another route to expanding the industry. Separating infrastructure investment from mine development could attract specialized infrastructure funds, reduce the cost of capital and free miners to direct more money toward production capacity and downstream facilities, according to Murphy. 

Funding gap 

Improving mining profitability and advancing new projects will require not only greater investment in the sector, but also careful decisions about where that capital is allocated.  

Separating infrastructure and mine operations investments could attract more infrastructure funds, lower the cost of capital and bring more capital for mining capacity and downstream industry.  

While Canadians are investing in mining, BMO finds it could be invested more domestically. It suggests that there’s an opportunity for mining infrastructure investment, especially through the Canadian pension fund that manages C$4.5 trillion ($3.2 trillion) in assets that are under-allocated domestically.  

Murphy said that alignment could allow Canadian pension funds to generate more competitive risk-adjusted returns domestically, while helping finance infrastructure and mining capacity needed to unlock new districts. 

For investors gathering at the Canada Investment Summit, BMO’s analysis suggests the opportunity is therefore broader than financing individual mines. Reaching Canada’s investment ambitions will require capital across infrastructure, mineral production, processing and other downstream industries that can turn the country’s resource base into more complete domestic supply chains. 

With the increasing alignment of government, regulators, and citizens, the Canadian mining sector can offer highly competitive risk-adjusted returns and enable funds to invest in the country, BMO concluded.  


Sunday, September 13, 2026

 

China Grows Arctic Container Routes, Reaching England and Opening Murmansk

containership departing China for transit of the NSR to UK
Dubai Tower sailing from China last month for the first 2026 run across the NSR (Ningbo-Zhoushan Port Co.)

Published Sep 11, 2026 10:09 AM by The Maritime Executive



Chinese containerships are continuing in their efforts to expand operations along the Northern Sea Route through the Arctic. The first of their planned 2026 runs reached England today, while in the high Arctic at Murmansk, it opened a new export service for Central Russia.

The containership Dubai Tower arrived at Teesport in the north of the UK on September 9, completing its trip along the NSR that departed China on August 19. The reports are that the ship is carrying 1,300 TEU, hauling electric vehicles, batteries, and other renewable energy equipment from China.

The  23,338 dwt containership, which has a capacity for 1,740 TEU, appears to have had a mostly uneventful crossing, which was expected to take about 20 days. However, it was scheduled to go to Felixstowe, with no explanation for why it diverted to Teesport in the north. Teesport lists itself as the UK’s sixth-largest port and a gateway to the north, but it has limited container operations.

PD Ports, which operates at Teesport, however, did recently report that it had received one of the largest automotive vessel calls to Teesport in recent years. It was carrying 5,000 vehicles arriving at the beginning of the month from China as part of a major UK import operation. The shipment included vehicles from across the Chery Automotive portfolio, including Jaecoo and Chery models, alongside the first 1,300 Lepas plug-in hybrid cars to be imported into the UK market. Chery, a major Chinese manufacturer, reported that it looks forward to expanding its relationship with Teesport.

Sea Legend, which is operating the ship, published a schedule that shows the ship proceeding to Rotterdam, possibly Hamburg, and a stop at Gdynia, Poland, before starting back across the Arctic. The Chinese shipping company is billing it as the start of regularly scheduled NSR crossings, with a total of eight scheduled for 2026.

Other companies are following close behind. New New Shipping is expected to send voyages through to Europe, while South Korea’s PanStar’s trial voyage is well underway. The PanStar Arco is currently off the coast of Norway. It is scheduled to reach Felixstowe on Friday, September 11. While it was billed as a demonstration and opportunity to gather data, Alphaliner reports the vessel only has 737 laden containers aboard, while its full capacity is over 2,700 TEU. The company had said it was targeting approximately 1,200 TEU.

China’s New New Shipping this week also opened up a new service to Murmansk, Russia, along the NSR. One of the company’s vessels carried 502 containers from China to Murmansk, transporting car parts and other material for delivery via trains into Central Russia. The ship then loaded 26,400 tons of potash fertilizer.  It is a first for the port.

“We’re testing not just a single operation, but the entire logistics scheme,” said an official for the Murmansk Terminal company. “It is important for us to understand how sustainable, convenient, and economically viable this route is for the chain’s participants.”

Officials in Murmansk highlight the opportunities to open new trade avenues and build the region’s economy. They also said New New Shipping is discussing building a dedicated terminal at the port, while they are also in discussion with Indian companies about launching container service on the NSR.

The developments are in keeping with Russia’s plan to build up trade on the NSR.  Earlier this week, they opened a large new oil export operation on the NSR, and they are highlighting advancements as they move toward year-round transits. 

Friday, September 04, 2026

 

First Grain Shipment From Canada’s Churchill Port in Six Years

Churchill Canada
Port of Churchill recently shipped minerals and this week is loading grain as part of the expansion of its operations (Arctic Gateway Group)

Published Sep 1, 2026 8:26 PM by The Maritime Executive


The Port of Churchill, located in Manitoba and Canada’s Arctic, checked off another important first in its efforts to revitalize the operation. This week, the port is loading its first grain shipments in six years, and this comes after its first critical minerals export in over two decades.

The FedNav bulker Federal Sprey (37,141 dwt) is currently alongside in the port. It is loading approximately 30,000 tonnes of Canadian durum wheat supplied by a company in Saskatchewan and being shipped to the Mediterranean. The grain traveled to the port on the rebuilt Hudson Bay Railway.

Several factors contributed to the end of the grain business from the port. The pandemic in 2020 and 2021 was a key factor, along with the high cost of shipping the grain and a failing rail line. The Canadian Wheat Board also ceased operations in 2021, which further hurt the industry. However, the Arctic Gateway Group acquired the port in 2018 from the U.S.-based OmniTrax with a goal of rebuilding the operations.

This week’s shipment is set to be the first of three grain cargoes to leave the port in 2026. Officials said they will ship over 100,000 tonnes of grain this year and predict there will be more in 2027. They said it was providing a significant boost for Manitoba’s agricultural business.

In addition to the grain exports, Churchill is also launching its exports of critical minerals. It has loaded zinc concentrate and next week expects to ship its first-ever cargo of potash. It has been mined in Manitoba.

This is in addition to the port’s role in loading out resupply ships traveling to the First Peoples' communities in the Arctic. A resupply ship departed the port earlier in the season, and another is due to arrive to carry supplies to Nunavut. The first supply ship of the 2026 season, Qamutik (12,760 dwt), departed Churchill on July 12, transporting a wide range of construction equipment, industrial supplies, trucks, and other goods.

Officials expressed their excitement at the developments during a ceremony to celebrate the grain shipment. They also pointed to new agreements such as a partnership with Belgium’s Port of Antwerp-Bruges International.

Critics of the expansion efforts and the government financial support argue that the shipping season is too short to make Churchill a meaningful contributor to Canada’s exports. They also say that rail and insurance costs are very high, and the port lacks sufficient storage capacity.

Arctic Gateway Group, however, points to its success in rebuilding the operations and hopes for expanded support from the Canadian government. It points to the critical role the port could play as Canada reshapes trade outside the United States and looks to more international markets. 

The federal and provincial governments were also supportive of new studies that explored the potential to make the Port of Churchill into a year-round port. Canada’s CTV National News quotes Manitoba Premier Wab Kinew, who said earlier this year that the federal government had indicated it wants to see liquefied natural gas shipped from Churchill by 2030. He is also hopeful that the government will reconsider federal support for a larger port expansion project.

  

US Counters China’s Pacific Forays with Cook Islands Port Investment

Penrhyn Atoll, Cook Islands
Penrhyn Atoll, Cook Islands (NASA)

Published Sep 3, 2026 1:27 PM by The Maritime Executive


The U.S. government is taking actions to counter China’s incursions in the Cook Islands while pushing its own interests for critical mineral exploitation. Officials announced commitments for a significant investment to fund the upgrade of a port that once hosted a U.S. military base.

As Beijing continues to assert its influence in the Pacific region, the U.S. said that it is partnering with New Zealand to finance the upgrade of Penrhyn Port, which is located on the island of Penrhyn in the northern Cook Islands. The project is expected to cost $60 million, with the U.S. government providing $50 million and New Zealand $10 million.

The U.S. not only has historical ties with the Penrhyn atoll, which served as a military base during World War II, but the island is also strategic in Washington’s push to exploit deep-sea mining for critical minerals. During WWII, U.S. personnel constructed the port and an airstrip following a blockade of the South Pacific air ferry route by the Japanese. The base was used to station bombers alongside some 1,000 military personnel.

Apart from historical ties, the U.S. sees the port as a major asset in facilitating its critical minerals agenda. Early this year, Washington and the Cook Islands government signed a Critical Minerals Framework agreement to cooperate in the exploration of critical minerals, rare earths, and deep-sea mining in the Cook Islands' two million square kilometers exclusive economic zone.

“This project underscores the United States’ strong commitment to our partners in the Pacific and builds on the Critical Minerals Framework the United States and the Cook Islands signed earlier this year,” said Christopher Landau, U.S. Deputy Secretary of State.

Penrhyn, which is also called Tongareva, is the northernmost island in the Cook Islands, with the port located at the village of Omoka. Upgrading of the port is expected to have major benefits, specifically on safety and security, as well as expand transport links and economic opportunities for the northern Cook Islands. The project will be implemented by New Zealand.

Cook Islands Prime Minister Mark Brown said that the port is a critical lifeline for Tongareva in terms of allowing for safer landings, better access to services, and stronger connections between Pa Enua and the world. “This wharf upgrade complements our new domestic shipping investments and our own efforts in improving transport connections for our Pa Enua.”

Both the U.S. and New Zealand have been concerned by a decision by the Cook Islands government to sign a comprehensive strategic partnership with China. Signed in February last year, the agreement creates a framework for cooperation on areas like trade and investment, infrastructure, maritime, seabed mining, among others.

The Penrhyn Port upgrade project was announced during the 55th Pacific Islands Forum in Palau. For the U.S., investing in the project is aimed at countering Beijing’s growing influence in the Pacific region, cutting across diplomatic, economic, and security spheres.


ICTSI Expands Southern Africa Market Grip with TLG Acquisition

Mozambique Beira port
TLGC operates terminals in Mozambique, Namibia, and South Africa (Mozambique)

Published Sep 3, 2026 7:50 PM by The Maritime Executive


The Philippines-based ports operator ICTSI is signaling intentions to tighten its grip on the Southern Africa ports and logistics space. It entering into an agreement to acquire the South Africa-based The Logistics Group (TLG), an integrated logistics firm offering services across port, rail, warehousing and digital transport logistics.

ICTSI, which is already a major player in Africa with terminal operation interests in five countries including South Africa, revealed in regulatory filings that it has signed an agreement to acquire 100 percent ownership of TLG Acquisition Holdings.

The company did not reveal the amount it is paying to acquire TLG, which is currently owned by African Infrastructure Investment Managers (AIIM) and Mokobela Shataki Proprietary Limited. AIIM controls a 74 percent stake in TLG with Mokobela Shataki owning the remaining 26 percent. The two entities have been the shareholders of TLG for four years, having acquired the company that was started in 2019 in 2022.

The acquisition of TLG is strategic for ICTSI, which has deliberately been pushing to increase its presence in the African market that is fast emerging as critical in the global logistics and supply chains configurations. As an integrated port and cargo handling services provider, TLG has operations across Mozambique, Namibia, and South Africa where it handles a diversified range of bulk commodities and agricultural products across its portfolio of port facilities.

The Philippines-based ports operator reports that TLG will be a strategic addition to its southern Africa interests, a market where it has been seeking to dominate. Among its interests are the Matadi Gateway Terminal in D.R. Congo, and the Madagascar International Container Terminal.

In Africa, ICTSI is also the operator of the Onne Multipurpose Terminal in Nigeria and Kribi Multipurpose Terminal in Cameroon. The company’s entry into South Africa was delayed by court battles. In 2023, ICTSI was awarded a 25-year concession by Transnet to develop and operate the Durban Container Terminal (DCT) Pier 2, an award that was contested in courts by its rival APM Terminals. ICTSI got a major reprieve last year when the Durban High Court upheld Transnet’s decision.

Considering that DCT Pier 2 is the largest container terminal in Durban handling 72 percent of the port’s throughput and 46 percent of South Africa’s container traffic, the planned integration of TLG now expands ICTSI’s business beyond containers to other critical segments like bulk commodities, agricultural cargo and break bulk. TLG operates in countries where agriculture and mining are critical economic pillars.

As one of the world’s largest terminal operators, ICTSI has interests across 19 countries where it operates 34 terminals. The latest addition into its portfolio are two dry bulk port terminals at Brazil’s Port of Aratu that it acquired in July at a cost of $150 million.

On August 3, ICTSI released its first of half this year performance that showed its container throughput across its terminals increased by 16 percent to 8.1 million TEU compared to 6.9 million TEU in the same period in 2025. DCT Pier 2 was one of two terminals that significantly contributed to the growth, the other being the Batu Ampar Container Terminal in Indonesia.

During the period, ICTSI revenues increased by 27 percent to $1.9 billion from $1.51 billion while earnings before interest, taxes, depreciation and amortization grew by 24 percent to $1.2 billion compared to $990.5 million generated in the same period last year.
 




Sunday, August 30, 2026

The left and ecology: An increasingly necessary relationship

Imagen: Fernando Salazar Acha/Getty images.

First published in Spanish at Nueva Sociedad. Translation by Richard Fidler for LINKS International Journal of Socialist Renewal.

Historically, the different lefts have been resistant to the ecological currents that have emerged since 1970 amid the first signs of the environmental crisis and varying criticisms of the developmentalist paradigm. This rejection arose because the left privileged a reading of modernity and the social system based on the conflict between capital and labour, while minimising or ignoring conflicts between capital and nature, and with it the environmental and territorial impacts of the hegemonic development model. Consequently, although they questioned the capitalist system’s relations of exploitation, in general they continued to support the development paradigm.

In Latin America, the lefts — whether Marxist or reformist — share this set of beliefs about accumulation and development. Structuralists at the Economic Commission for Latin America and the Caribbean (ECLAC) and key authors of dependency theory both focused on questioning social inequality and structural dependence, rather than the ideology of development. The incipient environmental issue remained outside their conceptual horizon. Decades later, this developmentalist consensus was reproduced by progressive lefts that from the 2000s governed various Latin American countries, during the so-called “commodities boom”.

Environmentalism emerged as a political-social perspective towards the end of the 1950s, alongside mounting spheres of conflict and the growing importance of environmental problems and planetary boundaries. From the start, environmental organisations criticised productivism as well as the ideology of progress and infinite growth promoted by both Western capitalism and Soviet-type socialism (at the time hegemonic on the left). Likewise, as with other new social movements, environmentalism appeared as the bearer of new organisational practices, linked more to autonomism and countercultural left-wing currents that opted for more flexible and democratic organisational forms, as opposed to the vertical styles of political construction typical of left-wing parties and trade unions.

Although environmental organisations of a conservationist nature have existed in Latin America since the 1950s, they have had little impact. Their weakness was linked to the conviction permeating both the left and political elites in Latin America that the incipient ecological problem was a secondary concern imported from the agenda of rich countries, if not an ideological gimmick aimed at hindering development in the poorest countries. 

In fact, it was in the late 1990s, and mainly in the 2000s, when faced with neo-extractivism’s growing environmental and territorial impacts and the concurrent entry of the climate crisis into the public agenda, that environmentalism expanded as a social force from below in various countries in the region, closely linked to the Indigenous peoples’ cosmovision. A result of this process was heightened socio-environmental conflict, and the emergence of new areas of protest in which diverse actors converged — peasant and Indigenous organisations, new eco-territorial collectives, various NGOs and a multidisciplinary and anti-colonial activist and academic space — built around political ecology.

In this article I intend to address the encounters, tensions and disconnects between the left and environmentalisms in three parts. In the first, I summarise some concepts contributed by ecosocialism and ecological Marxism, two academic currents that have traversed contemporary Marxism and opened the door to connecting class struggles and ecological struggles. In the second, I analyse the categories elaborated from within Latin American ecosocial thinking to rethink the bridges and links between the Global North and South, while dwelling very briefly on the dismissal of environmental problems by progressives in government during the so-called progressive cycle. And in the third I reflect on the concepts bridging the North and the South and arising challenges.

Marxism, ecological crisis and updates

The Marxist lefts had some difficulty incorporating environmentalism’s arrival on the political agenda, as well as the advance of environmental movements, both in theory and practice. On the one hand, as children of modernity, Karl Marx and the workers’ movement sought to eradicate inequality by revolutionary means, but not progress as it was understood in its association with the expansion of the productive forces. On the other hand, the environmental movements were of a cultural character with a multi-class social base, aimed at placing problems on the public agenda but without social revolution as their horizon. 

However, following this initial misencounter, beginning in the 1970s and, with greater force throughout the 1980s and 1990s, numerous authors from the Global North set out to reconcile Marxism and ecology, slightly shifting the axis of concern. Prior to taking a substantial interest in the evolution of environmental movements and their characteristics, they set out to analyse the scope of the environmental problem in the context of the capitalist crisis.

It is impossible to summarise the contributions made in the field of Western Marxism towards incorporating the ecological crisis as inherent to capitalism. Authors such as Frenchmen André Gorz and Henri Lefebvre, the French-Brazilian Michael Löwy, the Spaniard Manuel Sacristán, the German Elmar Altvater, as well as the Americans James O’Connor and John Bellamy Foster, were no doubt among the first to point out the incompatibility between capitalism and environmental sustainability, and thus to raise the possibility of connecting class struggles with ecological struggles.

In political terms, it was the Trotskyist left of the Fourth International (led by Ernest Mandel) that through ecosocialism (and principally through Michael Löwy) first promoted the articulation of ecology and the left. In 2001, Löwy co-authored An Ecosocialist Manifesto with Joel Kovel, which states that ecosocialism is conceived not as a negation of the socialisms of the twentieth century but as an extension that preserves their emancipatory objectives, while “insist[ing] … upon redefining both the path and the goal of socialist production in an ecological framework.”1

Löwy’s main conceptual contribution is in the book Ecosocialism: A Radical Alternative to Capitalist Catastrophe, in which he characterises capitalism as a system not only of exploitation but destruction of the living conditions of the planet, and criticises both the dominant “market ecology,” which does not question the capitalist system, and “productivist socialism,” which ignores natural limits. Löwy proposes an alliance between “reds” and “greens” — in a broad sense, between the workers’ movement and the environmental movements. 

Ecosocialism appears as a radical proposal that implies a paradigm shift, “through democratic, local and national (and sooner or later, international) planning.”2 Beyond the fact that Löwy criticises the degrowth currents (as a quantitativist vision that points to an “enlightened ecological dictatorship”), ecosocialism entails a reorientation of consumption and production in accordance with basic needs.

Contributions by so-called ecological Marxism, which began at the end of the 1980s and placed new categories such as “second contradiction,” “metabolic rift” and “Capitalocene” on the agenda, are more theoretical and academic than political and programmatic in nature. For example, James O’Connor introduced the “second contradiction” of capitalism, namely the contradiction between capital and nature.3 Capitalism degrades its own resources (pollution, depletion, social attrition) and generates a huge externalisation of social and ecological costs of production. 

Another of the central contributions is by John Bellamy Foster, who took up the concept of metabolic rift, based on Marx’s work on the metabolism between society and nature, especially in Capital.4 For Foster, the metabolic rift is inherent to capitalism and compromises the sustainability of the conditions of life and production. Although for some this analysis of metabolism is more dualistic than dialectical, it is clear that the concept reveals a disconnect between nature and society, from which capitalism prioritises the accumulation of capital over sustainability and the preservation of the environment, something that Marx had already observed through the depletion of soil nutrients in England.

In another line of analysis, the Swede Andreas Malm proposed to think of the current socio-ecological crisis in terms of the Capitalocene rather than the Anthropocene, arguing such a crisis is not the work of humanity as a homogeneous species, but of a specific social system — capitalism — for which responsibility is unequal in terms of social classes and countries. Likewise, Malm argues capitalism is a socioeconomic system that emerged in the 15th century, while fossil capitalism is a particular period that began in the early 19th century and in the framework of which a series of metabolic gaps were formed: soil degradation, and changes in the nitrogen and carbon cycles.5

For his part, the American Jason Moore took up the thesis of the Capitalocene to investigate the origins of capitalism and the expansion of the frontiers of the commodity in the long medieval period. The cycles of capital generated a historical-geographical model based on rapid appropriation and geographical expansion and diversification, once the resource was exhausted. “Is the land running out? We move to the border. This was the motto displayed on the coat of arms of early capitalism.”6 So the Capitalocene as a current crisis must be read as a long-term process in which new ways of ordering the relationship between humans and the rest of nature are taking shape. Capitalism not only develops within nature, but transforms it and transforms itself through it, creating what is called “world-ecology.”

From a position associated with heterodox Marxism, Frenchmen Pierre Dardot and Christian Laval propose to refound a theory of the commons. The authors show how the principle of the commons is imposed today as the central term of the political alternative for the 21st century: “The term ‘common’ designates not the resurgence of an eternal communist idea, but the emergence of a new way of opposing capitalism, even of considering its supersession.”7 

From anti-globalisation and ecological struggles to theories of the commons — from Michael Hardt and Toni Negri to Pierre Dardot and Christian Laval — “the commons” has become the name of a regime of practices, struggles, institutions and research that point to a non-capitalist future. The commons is not a good or resource, but a political activity; a principle of action that consists of democratically instituting what must be managed collectively. The work ranges from the system of norms or law as a field of struggle to the programmatic draft of the “politics of the commons.”

In their most recent work, Instituer les mondes. Pour une cosmopolitique des communs [Instituting the worlds. For a cosmopolitics of the commons], Dardot and Laval proceed to think about the commons as a form of self-government of livelihoods, based on a relational paradigm, which points to a cosmopolitics. Thus, they argue, if we accept reasoning in terms of the commons as forms of self-government of living environments, the prefix “self” must be understood as referring not to a human collective in charge of directing a living environment from the outside, but to the different components, human and non-human, of that same environment. Collective self-government presupposes, then, that the human collective belongs to the living environment that it co-governs from within and on which it depends: taking the example of the forest, the self-government of a forest is not the government of the forest by human beings alone, but the government of the forest by all those who live in it, both humans and other non-human living things.8

Finally, from 2008 onwards we have witnessed new debates on degrowth, a concept that draws on diverse contributions from André Gorz in the 1970s (criticism of consumption), the Catalan Joan Martínez Alier (ecological economics) and the Movement for Degrowth founded around the year 2000 by the Frenchman Serge Latouche. From the neo-Marxist camp, Japanese philosopher Kohei Saito has been the most radical supporter of this position, arguing that in his late writings Marx, when studying the crisis of the soil and the depletion of nutrients, pointed to a socialism that returns to old forms of production, using some of the latest technologies. Saito synthesises this reading in the formula of a “degrowth communism.”

Likewise, in line with degrowth, German political scientist and activist Ulrich Brand’s contributions are notable for his concept of the “imperial way of life,” defined as “a dominant social, cultural and economic pattern in the countries of the Global North (and adopted by the elites of the South), normalized and hegemonic, which cannot avoid externalizing its conditions or negative consequences without exploiting other people and without destroying its own foundations, which are deeply rooted in the political, economic and cultural structures and practices in the daily lives of the population of the Global North and increasingly also of the emerging countries of the Global South.”9 Brand’s theoretical contributions take up the theory of the state and the ecological and gender issue, while maintaining a constant dialogue with Latin America, to which I will return later.

In short, to what extent these concepts are found in Marx, whether they are minor dimensions or significant aspects in his work, are questions that may be of interest to academic Marxology. Marx’s work is undoubtedly an inexhaustible quarry, provided that we do not believe it can explain everything, which, in addition to being untenable, would place those who adopt such a vision in a kind of position of epistemic superiority. It is clearly understood that the effort of theoretical updating responds to the need to expand a Marxist rereading of socio-ecological crisis. The objective is to strengthen and articulate class struggles with ecological struggles, from an anti-capitalist perspective, in a scenario of systemic polycrisis that is increasingly asymmetrical and unequal.

Latin America: Epistemic decolonisation and ecosocial perspective

The first critical contributions by Latin American emancipatory thought touched at the heart of development theory, from a decolonial vision. It was in the ’90s when the first critical perspectives on development began to circulate; in Latin America’s case, analysed as a discourse of power. Among them, the contribution of the Mexican Gustavo Esteva in the Diccionario del Desarrollo [Dictionary of Development], coordinated by Wolfgang Sachs (1992), stands out. He underscored the colonial matrix of the idea of development and the invention, in the post-war period, by the United States and other Western powers, of development and its counterpart, underdevelopment.10

Another important contribution was that of Colombian thinker Arturo Escobar, who proposed the notion of “post-development,” from which he deconstructs the modern concept of development as an instrument of domination, revealing its main mechanisms of operation. These include the professionalisation of development “problems” and their institutionalisation through a network of national, regional and international organisations. Escobar also highlighted the ways in which development made local experiences and knowledge invisible and suggested a change of approach, moving from thinking of “alternative development” to thinking of “alternatives to development.”

In the first decade of the 21st century, this anti-colonial and post-structuralist critique of development was tied to the category of “neo-extractivism,” a notion coined in Latin America by academic activism and quickly adopted by the entire range of socio-environmental collectives and organisations in the region. It currently has a wide international circulation.11 This critique had a great theoretical and political productivity, which illustrates once again the great porosity between social struggles and critical thinking.

First, it marked the convergence of the resistances of indigenous peoples and eco-socio-territorial struggles within the field of political ecology, an expanding space in which converge contributions from the sociology of social movements, indigenous thought, critical geography, environmental history, feminisms, the new Latin American constitutionalisms and ecological economics, among others. This academic-militant space benefited from the previous contributions of prominent thinkers such as Mexican Enrique Leff and Escobar, as well as the pioneering work of the Political Ecology Group of the Latin American Council of Social Sciences (Clacso), coordinated by researcher Héctor Alimonda. 

Second, the critique of neo-extractivism was also the starting point for proposals for the intersection between ecology and anti-colonial lefts, its aim being to dispute the hegemonic vision (developmentalist paradigm) and overcome limitations of actually existing progressivisms.

Along these lines, debates on alternatives to extractivism have been nourished by indigenous community thinking, ecological struggles and eco-territorial feminisms. These perspectives that sought to articulate the plebeian left with the ecological struggle are based on a relational paradigm, featuring horizon-concepts such as buen vivir, rights of nature, common goods, post-extractivism, care systems and, more recently, in the context of discussions on the energy transition, just and popular ecosocial transition and the ecosocial state.

Two key concepts were buen vivir and the rights of nature. While buen vivir builds bridges between past and future, between community matrix, indigenous relational cosmovisions and ecological perspective, the rights of nature postulates new forms of relationship between humans and nature and their fellow beings, and therefore calls for the passage from an anthropocentric paradigm to a socio-biocentric nature. Adopted in 2008, Ecuador’s Constitution was at the forefront of this recognition of the rights of nature. Bolivia then followed, with the legal recognition of the rights of Mother Earth, in 2010.

As is well known, the environmental problem was a blind spot for Latin American progressivism. There were many who, from their positions in government, directly confronted the criticism of neo-extractivism.12 It should be added that among the most fervent defenders of the extractivist consensus are heterodox economists, who thus converge with their orthodox peers. In the Latin American left, the Clacso authorities’ unconditional support for the pro-government progressivisms was also relevant — at least until 2019 — in terms of networks for the dissemination and circulation of the dominant mindset.

At the same time, certain propositional concepts that had been initially accepted ended up being instrumentalised in a developmentalist key (buen vivir) or discarded (the rights of nature) from the hegemonic progressive language. Thus, the divorce between progressive neo-developmentalist discourse embodied in ruling parties and eco-territorial discourse associated with indigenous movements and environmental collectives reached differing depths. Environmentalism was accused of lacking “social realism” or of “playing into the hands of the right,” and more than a few opted to cover up the socio-environmental problem by stigmatising protests, denying the legitimacy of claims and attributing it, as the case might be. to “infantile environmentalism” (Ecuador), the actions of foreign NGOs (Brazil), “colonial environmentalism” (Bolivia) or, in more recent times (Argentina, 2019-2023), to a “silly” and “prohibitionist” environmentalism.

The only case of official socio-environmental progressivism was Colombia under President Gustavo Petro (2022-2026), who had an environmentalist discourse during his time as Mayor of Bogotá. Petro’s government had limitations of all kinds, but it brought together the different aspects of struggles against extractivism: peasant organisations fighting for food sovereignty, environmental committees that won impressive victories against large-scale mining, organisations such as the Colombian Alliance Against Fracking. The very idea of a Colombia “power of life,” expressed in a comprehensive government program, and not only as a watertight compartment, made its appearance in public discussions about fracking or the energy transition.

Without pretending to settle an issue on which much has been written, the discord between progressive lefts and ecologist lefts in Latin America continues to be a constant to this day. Beyond the fact that some adopt a moderately environmentalist rhetoric, a large number of progressive forces remain convinced that extractivist neo-developmentalism is the key to overcoming neoliberalism, while a large number of environmentalist forces remain convinced that progressivisms will continue to rely on neo-developmentalist policies that end up converging with neoliberalism.

Returning to the field of producing bridge-concepts between lefts and environmentalisms, in Latin America there are discussions about “the commons” that have its own roots, distinct from the aforementioned European debate. It is not part of a general theory, but of concrete practices and struggles of indigenous peoples, peasants and social movements; that is, of the defense of the commons. But this more empirical reflection is articulated with other concepts, such as “communality” and, above all, “post-extractivism,” elaborated in the wake of the concept of “post-development.”

Post-extractivism is conceived as a gateway to overcoming dependence on the intensive extraction of natural resources (mining, hydrocarbons, agribusiness) in Latin America. For some authors, post-extractivism is an alternative to the development model based on buen vivir, which abandons classic (predatory and exporting) extractivism and moves towards a just and sustainable transition, based on diversified economies, with territorial sovereignty, environmental justice, deliberative democracy and appreciation of common goods.13 

For others, it is a political horizon that connects with the need for just ecosocial transitions that articulate a new paradigm of social justice with environmental justice.14 All these positions reject neo-extractivism as a pattern of accumulation and propose moratoriums on extractive projects. They defend the sovereignty of peoples over their territories and propose an ecological and social solution that combines selective degrowth of rich countries, deliberative democracy, local and agroecological economies and rights of nature.

In short, despite the political setbacks, the notion of post-extractivism continues to be a hub for thinking about an ecosocial transition agenda on a multi-scale level. A recent proposal is the one that we launched, together with other activists and intellectuals from the Ecosocial and Intercultural Pact of the South, a Latin American collective created in 2020. It seeks to debate what is meant by an ecosocial transition in a scenario of civilisational polycrisis, through different inflections and agendas, on a global, regional and national scale.15 

As an ecosocial, economic and intercultural commitment designed from the South, it rejects the idea that Latin America continues to be spoken and thought about only from the North, especially when it comes to ecosocial transition proposals, which generally do not place the issue of ecological debt or post-extractivism at the centre, and in some instances do not go beyond the decarbonisation of societies or question the productive model linked to agribusiness. It is a collective platform that invites us to build hopeful social imaginaries, to agree on a shared course of transformation and to create a basis for spaces of struggle in the most diverse areas of our societies.16

In line with this regional platform, in 2023 the Transitions Team was created in Argentina, conceived as a “team of teams,” which takes on the challenge of developing ecosocial transition proposals that go hand in hand with concepts such as “fair and popular energy transition,” “ecological debt,” “comprehensive care system” and “eco-social state,” among others.17 The proposal to create an eco-social state that assumes social and environmental risks directly confronts ultra-neoliberal policies, but also distances itself from the vision of the European welfare state and Latin American populism. Reflection on the ecosocial state have benefitted from the contributions of economist Rubén Lo Vuolo, of the Transitions Team, who defines it as a

new form of social organisation whose objective is to satisfy the human needs of people, within the limits imposed by planetary borders. An institutional system and public policies whose function is to guarantee that all people have access to the necessary elements to continue with the reproduction of their lives in our societies, on an egalitarian basis and under two simultaneous criteria: equity/justice and sustainability/sufficiency.18

Far from being abstract proposals, both the Ecosocial Pact and the Transitions Team relate their thinking to the eco-territorial struggles, the processes of re-existence and the horizon-concepts already mentioned, forged in recent decades in the Global South and in Latin America in particular. They also aim to generate a decolonising dialogue with other left proposals such as degrowth and other systemic alternatives.

Bridge-concepts and challenges

In the Global North, the Marxist left broadened its horizon of reflection, both in terms of concepts for understanding the socio-ecological crisis and in the search for an alternative ecosocialist program. At present, the multiple dimensions of the crisis reveal the consolidation of an “imperial way of life,” which drives the acceleration of the social metabolism of capital (the demand for raw materials and energy) and, therefore, further pushes towards ecological collapse. It is not coincidental, therefore, that within the Marxist ranks there is an increasingly open debate on a topic as controversial as degrowth, which previously seemed to be a kind of taboo.

In Latin America, on the other hand, the need to coordinate left thinking with ecology originated with the criticism of development, but expanded first with the great anti-neoliberal mobilisations of the early 21st century, and later the consolidation of neo-extractivism. New categories appeared at this crossroads that seeks to hybridise an indigenous communitarian cosmovision with the practice of care and defence of territories, from an ecofeminist paradigm that accentuates the relationality and interdependence of life.

It should be noted, however, that there is little dialogue between eco-Marxist perspectives and proposals for alternatives to extractivism. Epistemic asymmetries are prevalent; beyond the fact that certain categories — such as Capitalocene or metabolic rift — traverse the language of Latin American political ecology, the same is not true of the political-conceptual lexicon of the region, which is rarely invoked in the Global North. Of course, there are exceptions, bridges and intersections that lead to common paths. Thus, in 2008, Michael Löwy published the Ecosocialist Declaration of Belém and promoted the creation of a Global Ecosocialist Network, both internationally and in Brazil, his country of origin, seeking articulation with movements such as the Landless Movement (MST) and left-wing parties.

But as the Brazilian sociologist and ecosocialist activist Sabrina Fernandes argues, to advance in the generation of a new ecosocialist paradigm, we must stop separating “red” and “green” demands, and integrate them into the same struggle and a single paradigm.19 Undoubtedly, one of the great challenges of ecosocialism is the elaboration of a new theory of the state consistent with democratic planning prepared to confront the technocratic narratives of “green capitalism” without falling into the mistakes of the past (whether the old European welfare state or Soviet collectivism). Along these lines, it would be interesting to connect these proposals with the reflection on the ecosocial state.

As it happens, the dialogue between post-extractivism and degrowth began years ago, as illustrated in the book published jointly in 2017 by Alberto Acosta (former president of the Constituent Assembly of Ecuador and a current member of the Ecosocial Pact) and Ulrich Brand.20 In it, they sought to go deeper into the characteristics of the divergent contexts that gave rise to these concepts. However, concerns also arose about the ambivalences and limitations of the concept of degrowth, in its questioning of the logic of domination or even in the persistence of an anthropocentric vision that does not necessarily question the division between society and nature.

In the same vein, it was recognised that in Latin America the proposals for buen vivir were not accompanied by degrowth (in the sense of dematerialisation, decommodification and decentralisation). This questioning has continued in the dialogue established between the Ecosocial and Intercultural Pact of the South and the degrowth networks in the region of Catalonia and the Transitions Forum promoted, among others, by the Ecologists in Action network of Spain.

As Breno Bringel and I have pointed out, degrowth in the countries of the North is a demand for global justice, in the context of an already damaged planet.21 Several authors (Giorgos Kallis, Federico Demaria, Jason Hickel, among others) argue that degrowth is also a requirement of decolonisation: “Southern countries should be free to organize their resources and labor around meeting human needs rather than around servicing Northern growth.”22 Reducing pressure on natural assets could open up “conceptual space”23 in the Global South and would enhance the process of cognitive liberation, necessary to move towards post-extractivism, in countries so criss-crossed by an El Doradist imaginary and an extractivist economy.

This does not imply that the South should claim its “right to development,” because it is indeed development that is currently pushing us towards collapse. Consequently, any left that is committed to thinking about alternatives to development from an integral perspective must do so from the bases of a new critical political economy, which is only possible if planetary boundaries are accepted. Or, to put it another way, it is crucial that the political economy connects and converges with the ecological economy, which is highly developed in both the Global North and South. This appears all the more challenging and necessary in the current scenario of inter-imperialist competition, in which the countries of the Global North and emerging countries are struggling to obtain rapid access to critical minerals, in the name of the energy and digital transition and, above all, to supply the growing demand of the military industry, in times of increasing armed conflicts and destruction of the old international order.

At a time when the forces of inequality are being unleashed and legitimised in the hands of techno-tycoons and radical right-wingers who openly push for a change of political regime incompatible with respect for human rights and democracy, the left needs to leave its comfort zone and open up to the radical imagination. We need new concepts and political articulations between the Global North and South that open the space for a true connection of narratives of the future, egalitarian and wishful, with multi-scale transformative proposals at the level of social, environmental, ethnic and gender justice. Faced with the radical right’s accelerated politics of destruction and dehumanisation, it is impossible to remain anchored in resignation and passivity. The left must once and for all assume the ecosocial paradigm as a starting point and at the same time as a utopian horizon, without epistemic selectivities or nostalgia for the past.

  • 1

    Joel Kovel and Michael Löwy, An Ecosocialist Manifesto - Capitalism Nature Socialism. See also Sigifredo Romero Tovar, “La alternativa ecosocialista. Una entrevista con Michael Löwy” in Análisis. Revista Colombiana de Humanidades vol. 52 No 97, 2020.

  • 2

    Michael Löwy, Ecosocialism: A Radical Alternative to Capitalist Catastrophe (Chicago, Haymarket Books, 2015).

  • 3

    James O’Connor, “On the two contradictions of capitalism,” Capitalism Nature Socialism, (1991) Vol. 2, No. 3.

  • 4

    John Bellamy Foster, Marx’s Ecology (Monthly Review Press, (2000).

  • 5

    Andreas Malm, Fossil Capital: The Rise of Steam Power and the Roots of Global Warming (2016), Verso

  • 6

    Jason W. Moore: “El auge de la ecología-mundo capitalista (II). Las fronteras mercantiles en el auge y decadencia de la apropiación máxima” en Filosofía, Política y Economía en el Laberinto No 39, 2013.

  • 7

    Christian Laval and Pierre Dardot: Común. Ensayo sobre la revolución en el siglo XXI, Barcelona, Gedisa, 2015, p. 21.

  • 8

    Pierre Dardot and Christian Laval: Instituer le monde, París, La Découverte, 2025. In relation to this part of the article, I thank Dardot for his comments.

  • 9

    Ulrich Brand and Markus Wissen: Modo de vida imperial. Vida cotidiana y crisis ecológica del capitalismo, Buenos Aires, Tinta Limón, 2021, pp. 74-75.

  • 10

    On this see Maristella Svampa, Debates latinoamericanos. Indianismo, desarrollo, dependencia y populismo (Buenos Aires, Edhasa, 2016, ch. 2, part 1).

  • 11

    Notable here are the pioneering contributions of Eduardo Gudynas, Alberto Acosta, Edgardo Lander, Horacio Machado Aráoz, Emiliano Terán Mantovani, Tatiana Rosa Avendaño and the author of this article, in addition to the publications of the Permanent Group of Alternatives to Development, promoted by the Andean headquarters of the Rosa Luxemburg Foundation since 2011.

  • 12

    Among them was the then vice-president of Bolivia, the sociologist Álvaro García Linera, author of Geopolítica de la Amazonía. Poder hacendal-patrimonial y acumulación capitalista (La Paz, Vicepresidencia del Estado, Presidencia de la Asamblea Legislativa Plurinacional, 2012). [English translation here]

  • 13

    Eduardo Gudynas: “Más allá del nuevo extractivismo: transiciones sostenibles y alternativas al desarrollo” in Fernanda Wanderley (coord.): El desarrollo en cuestión. Reflexiones desde América Latina, La Paz, Oxfam / CIDES-UMSA, 2011; Alberto Acosta and Ulrich Brand: Decrecimiento y posextractivismo, Buenos Aires, Tinta Limón, 2017.

  • 14

    Maristella Svampa and Enrique Viale: El colapso ecológico ya llegó, Buenos Aires, Siglo XXI Editores, 2020, and Transição ecossocial justa: uma perspectiva do Sul Global, San Pablo, Elefante, 2025.

  • 15

    “Presentación del Pacto Ecosocial del Sur. Por un Pacto Social, Ecológico, Económico e Intercultural para América Latina” on Clacso TV, 24/6/2020, available at www.youtube.com/watch?v=3jedqtgef7s.

  • 16

    Pacto EcoSocial e Intercultural del Sur – and Hacia un gran Pacto Ecosocial y Económico en Argentina.

  • 17

    The Equipo Transiciones brings together about 30 persons in Argentina involved in federal research, academic and activist groups with the goal of proposing a road map for just ecosocial transition, in dialogue with social and political organizations. Equipo Transiciones. See also Maristella Svampa et al.: ¿Cómo reconstruir el país que nos queda? Propuestas para una agenda de transformación justa y popular, Buenos Aires, Fundación Rosa Luxemburgo, 2026.

  • 18

    Rubén Lo Vuolo: Por un Estado ecosocial. Ideas para proteger la sociedad en un mundo catastrófico, Buenos Aires, Siglo XXI Editores, 2026.

  • 19

    Sabrina Fernandes, “Environmental Contradictions: The Need for an Ecosocialist Paradigm on the Brazilian Left,” in Robert Latham, A.T. Kingsmith, Julian von Bargen and Niko Block (eds.), Challenging the Right, Augmenting the Left, Halifax, Fernwood, 2020.

  • 20

    Alberto Acosta y Ulrich Brand, op. cit., note 13.

  • 21

    Breno Bringel and Maristella Svampa, Del “Consenso de los Commodities” al “Consenso de la Descarbonización” | Nueva Sociedad, No. 306. July-August 2023.

  • 22

    Hickel-Theanti-colonialpoliticsofdegrowth.pdf

  • 23

    Giorgos Kallis:, “La alternativa del decrecimiento” [2015] en Climaterra.org, 24/4/2020.