Press Responses: September 19, 2007
Mining Abroad 'Morally Wrong': MPs
■ Alexa McDonough and British MP Steve Pound try to resurrect the call for Canada to enact social responsibility requirements.
By Chris Gillcash
NDP MP Alexa McDonough is calling on Canada to enact standards of corporate social responsibility in overseas mining operations following a trip to Honduras last week to investigate concerns that some Canadian companies working in Honduras are taking advantage of weak regulations and endangering local residents through environmental contamination.
This analysis of the International Finance Corporation's (IFC) Sustainability Policy, Performance Standards and Disclosure Policy provides a brief overview of each policy and standard, where it goes beyond the previous safeguard policies, where it falls short, and what is missing in terms of addressing the extractives industries.