Letter from EDC to HI Re: "Dirty Business, Dirty Practices" - July 16, 2007
July 16, 2007
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July 16, 2007
Embassy, July 11th, 2007
Chamber says PM Broke Promise at G8
The Canadian Chamber of Commerce is frustrated Stephen Harper mentioned a corporate responsibility report during the G8, but mining groups are pleased their study is being taken seriously.
By Lee Berthiaume
The Canadian Chamber of Commerce says Prime Minister Stephen Harper was premature in promoting a recent report on corporate social responsibility at the Group of Eight nations summit in June.
Plans by US, Canada and EU to finance massive copper mine in DRC disregard Congolese government review of mining deals
On July 12, the US government’s Overseas Private Investment Corporation (OPIC) is set to give its backing to mining major Phelps Dodge/Freeport McMoRan for the company’s Tenke Fungurume copper project in the Democratic Republic of Congo (DRC). Other public lenders such as Export Development Canada (EDC) and the European Investment Bank (EIB) are expected to follow suit. These financing plans are proceeding in spite of the fact that the Tenke deal is among 60 contracts currently under review by the Congolese government.
The Bank of the South: An Alternative to the IFIs?
In early June, the Bank of the South moved a step closer to becoming a reality as the Ministers of Finance of Venezuela, Argentina, Paraguay, Brazil, Ecuador and Bolivia met in Buenos Aires to discuss its founding constitution. In addition to functioning as a development bank and a source of stabilization funds, the Bank is seen as a precursor to a regional monetary system. Just as significant is the Bank of the South’s role as an alternative to the World Bank and IMF, whose policies in Latin America have faced substantial regional criticism. In this respect, the Bank is seen as a valuable mechanism for re-asserting Latin America’s economic independence and political sovereignty.
by Gerry Barr, President-CEO Canadian Council for International Co-operation
June 28, 2007
PM sees payoff in adding Americas to foreign agenda
Prime Minister Stephen Harper has decided Canada should "re-engage" with the Americas, and in July he's visiting four states in the region to start up his new foreign policy direction. In a world where the majority of the population lives in underdevelopment, Harper rightly says of the Americas, "We also have countries that have development challenges." But will Canada lessen those challenges or add to them?
June 22, 2007
The Right Hon. Stephen Harper
Prime Minister of Canada
312S Centre Block
House of Commons
Ottawa, ON K1A 0A2
RE: Formally adopting and implementing full set of recommendations from recent Canadian CSR roundtable process.
Dear Prime Minister:
The Canadian Network on Corporate Accountability (CNCA) commends the Canadian government for addressing the issue of corporate social responsibility (CSR) during the G8 summit in early June. The CNCA is encouraged that particular emphasis was placed on the operations of mining, oil and gas companies.
Karyn Keenan, of the Halifax Initiative, was featured on Avi Lewis' "On the Map" on June 20 talking about the Nationa
September 10, 2007
Ms. Karyn Keenan and Mr. Denis Tougas
c/o The Halifax Initiative
153 Chapel Street
Dear Ms. Keenan and Mr. Tougas:
Thank you for your recent letter, dated June 8, which was faxed to us and posted on the Halifax Initiative Web site.
Mr. Eric Siegel
President and Chief Executive Officer
Export Development Canada
151 O’Connor St.
June 8, 2007
Re: EDC workshop on socially responsible mining practices in the Democratic Republic of Congo
Dear Mr. Siegel,
We would like to thank Export Development Canada for including the Halifax Initiative Coalition and Entraide missionnaire in its recent multi-stakeholder workshop on “how to best support the mining industry in the DRC.” We were pleased to participate in this important discussion with representatives of the Canadian mining industry, Canadian government, consultants, international financial institutions and EDC, among others.