New bill on CSR puts government house in order
This month Liberal MP John McKay introduced a private members’ bill (see Just the Facts) that imposes tighter controls on the provision of government support to Canadian extractive companies. Numerous studies have highlighted the significant environmental and human rights impacts of oil, gas and mining operations overseas. In 2005, a report by the Parliamentary Standing Committee on Foreign Affairs and International Trade (SCFAIT) drew attention to the fact that some Canadian extractive companies, which are responsible for adverse impacts, receive financial and political support from the Canadian government.

We need your help to make Export Development Canada (EDC) more transparent!!

CALL TO ACTION

EDC continues to withhold key environmental information about the projects it supports, citing reasons of commercial confidentiality. When it does disclose information prior to supporting a project, this can be from one day to two weeks prior to signing the cheque.

ACT NOW TO HELP SAVE ROSIA MONTANA!

 

What we do

G-20 Summit – financial response to a development crisis
With the global economy continuing its downward spiral, ambitions for the first Group of 20 (G-20) “Summit on Financial Markets and the World Economy” in Washington were sky high. In contrast, expectations in terms of concrete outcomes, with diverging opinions on key issues going into the meeting and a pretender at the throne in DC, couldn’t have been lower.

To access the submission, click here.

http://www.theglobeandmail.com/servlet/story/LAC.20080627.ROB7PG66/TPStory/TPBusiness/?pageRequested=all&print=true

The Globe and Mail - Report on Business

The Kindness of Corporations

From the World Economic Forum to undergrad business courses, corporate social responsibility is now a priority. There are just two problems. CSR can be disingenuous. And it’s dangerous

KONRAD YAKABUSKI

June 27, 2008

April 25, 2008

Mr. Eric Siegel
President and Chief Executive Officer
EDC
151 O’Connor St.
Ottawa, ON
K1A 1K3

Dear Mr. Siegel:

On March 20, the Government of the Democratic Republic of the Congo publicly released the report of the Mining Contract Review Commission. The Commission is an inter-ministerial body mandated to review numerous contracts that were awarded to mining companies between 1996 and 2005 in the DRC. The Commission confirms that many of the contracts are highly irregular and that their terms are extremely unjust. The government body recommends that a significant number of these agreements be annulled and in some cases, renegotiated.

Government’s Response to Mining Report Still Underground

By Michelle Collins, Embassy Newspaper

It has been just over a year since a highly anticipated report recommending significant steps to ensure Canadian mining companies operating abroad adhere to socially responsible standards was submitted to the government.

Yet despite indications from Prime Minister Stephen Harper at the G8 leaders’ summit last June that Canada—which has the world’s largest number of extractive companies—was poised to take the lead, nothing more has emerged, and observers and critics say they have no idea what to expect, or when.