Corporate accountability

Press Responses: March 29, 2007

http://www.northernminer.com/article.asp?id=67156&issue=03292007&ref=rss

Industry, NGOs agree on good practices for Canadian miners abroad

Concluding a 10-month process that saw input from NGOs, mining, oil and gas companies and academia, a report released today outlines a raft of recommendations that aim to address concerns over the social and environmental effects of resource extraction by Canadian companies in the developing world.

Press Release - Thursday, March 29, 2007

FOR IMMEDIATE RELEASE

Groundbreaking Report on Mining, Oil and Gas Companies Released:
Civil Society and Industry Representatives Agree on Good Overseas Practices

Ottawa, March 29, 2007. Canada could become a world leader on Corporate Social Responsibility (CSR) if the federal government and other stakeholders accept and act on the recommendations of a groundbreaking report released today.

Monthly Issue Update - December 22, 2006

Norway “seeks the truth” on Bank conditionality
The Norwegian government, whose aid money cannot be spent on programs that require trade liberalization and privatization, hosted an inter-governmental meeting in November to assess the extent to which the World Bank and IMF still require developing countries to pursue privatization and liberalization as a condition of support. An independent study commissioned for the meeting, determined that while the World Bank and IMF are still pushing privatization and trade liberalization in their development policy lending, it is less pervasive than in the past. It also concluded that governance conditions are increasingly taking the place of economic policy prescriptions, and that developing government “ownership” over Bank and Fund policies is still weak.

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