In spite of Canada's attempt to bury it at the Toronto G20 meeting, a tax on financial transactions is back on the global agenda and gaining momentum.
French President Nicolas Sarkozy has pledged to use his term as chair of the G20 to reform the global financial system and curb the speculation that contributed to the economic crisis. At the top of his agenda is an international financial transactions tax (FTT) to fund the fight against poverty and climate change.
Ruggie guidelines stir debate
In 2008, the UN Human Rights Council extended Special Representative John Ruggie’s mandate on business and human rights. Among other things, the Council asked Mr. Ruggie to identify “concrete and practical recommendations on ways to strengthen the fulfilment of the duty of the State to protect all human rights from abuses by or involving transnational corporations.”
Victims of Kilwa Massacre Seek Justice in Canada
Congolese nationals have launched a class action law suit in a Montreal court against Canadian mining company, Anvil Mining. At least 73 civilians were killed in 2004 when the Congolese Armed Forces attacked residents in the town of Kilwa. A UN investigation revealed that planes, vehicles, personnel and food controlled by Anvil Mining were used by the army during the attack (see IU Oct. 31, 2008).
Bill C-300: Narrow Defeat despite Widespread Support for Mining Accountability and Human Rights
Ottawa, October 28th, 2010 - The Canadian Network on Corporate Accountability (CNCA) deeply regrets the defeat of Private Member’s Bill C-300, The Responsible Mining Bill, at third and final reading in the House of Commons. The Bill lost by a narrow margin of 140 to 134.
Government’s new Toothless Review Mechanism Underlines why Responsible Mining Bill C-300 is Necessary
Ottawa, October 26, 2010 – One day before the third and final vote in the House of Commons on Bill C-300, the government has launched its Review Process, a dispute resolution mechanism whereby the Extractive Sector Corporate Social Responsibility Counsellor proposes to mediate between aggrieved communities and Canadian mining, oil, and gas companies.
Significant deficiencies render this mechanism inadequate to resolve serious community grievances: the dispute mechanism is voluntary in nature, lacks a transparent fact-finding function and will lead to neither recommendations to government nor to sanctions. Consequently, Bill C-300 remains an important piece of legislation.
To sign on to this letter, send the name of the organization and country in which it is based by 5PM Washington DC time on November 3rd to Amy Gray: email@example.com
International Civil Society Statement to the G-20 Leaders Summit in Seoul
We, the undersigned civil society organizations from 32 countries, urge G-20 leaders to make concrete progress towards the introduction of an internationally coordinated financial transactions tax (FTT) at the upcoming summit in Seoul.