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Newswire on the IFIs
- The toxic legacy of the Greek crisis
- Ending poverty: Lying with statistics
- Greek bailout: 77 per cent went into the financial sector
- How the World Bank could slash its carbon emissions: Start flying in coach
- "Carbon farming" makes waves at stalled Bonn talks
- Dancing on hot sand: Egypt and the IMF loan
Human rights
Canadian organizations welcome first step toward extractive industry transparency
“Further mandatory measures needed for real accountability”, they say.
This page links to information concerning a number of projects on which we have worked, in solidarity with local communities. In some cases, the projects rely on World Bank funding. In others they involve Canadian companies that may be seeking, or have secured, financial support from Export Development Canada (EDC). Sometimes they involve both. Regardless of the source of funding, in all cases, communities have contacted us because they are concerned about the significant adverse environmental, social and human rights impacts of the projects.
In this June 13 press release, civil society welcomes the government's commitment to adopt binding corporate disclosure requirements but calls for further steps in the development of a comprehensive accountability framework regarding the overseas operations of Canadian extractive companies.
Oyu Tolgoi is an enormous copper and gold deposit in Mongolia. The project is jointly owned by Canadian company Turquoise Hill Resources and a state owned enterprise. According to the International Finance Corporation (IFC), estimated project cost is $12 billion. Project proponents seek financing from Export Development Canada, the IFC, the European Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, among others. In this document, CSOs argue that the project does not comply with the IFC Performance Standards and provide a series of recommendations.
The UN Working Group on Business and Human Rights held its first forum on December 4 and 5 in Geneva. The Halifax Initiative spoke at the forum on a panel concerning public financial institutions and human rights. ECA-Watch, CIEL and BankTrack disseminated the attached document at the forum containing analysis and recommendations regarding financial institutons and human rights.
This month we examine 'odious investment' - Mongolia Undermined; (Mis)Investment in Agriculture; More than Bricks and Mortar; and the Canada Pension Plan Investment Board.
Presentation concerning the role of the private sector in international development with a focus on new CIDA programming in support of the extractive sector.
Article prepared for the 'Global Capital, Global Rights' workshop convened by SFU and UBC. The text discusses civil society efforts in support of Bill C-300, legislation that sought to create accountability mechanisms regarding the provision of government support to Canadian extractive companies that operate overseas.
The tax edition: the fair tax summit, mobilizing domestic resources and the financial secrecy index. Plus Pascua Lama and Talisman.
Energy poverty, climate change and the World Bank; Durban postmortem.
