From November 16-18, one hundred and fifty activists from 50 countries convened in Montreal for a three-day conference hosted by Publish What You Pay, the global campaign for transparency and accountability in the oil, gas and mining industries.
Two hundred activists from over 50 countries convened in Montreal today for a three-day conference of the Publish What You Pay coalition, the global campaign for transparency and accountability in the oil, gas and mining industries.
The delegates represent hundreds of organizations working in resource-rich nations around the globe to ensure that citizens are able to benefit from their countries’ natural resources.
The first day of the conference will put Canada’s extractive industries under the spotlight with government, the private sector and civil society sharing experiences in promoting transparency in the extractive sector.
OTTAWA, CANADA -- When one agenda issue comes up at this year's G8 summit in Northern Ireland, all eyes will be on Canada: mandatory reporting of payments to governments by mining, oil and gas companies. As home to most of the world's mining companies, Canada is viewed as the key to G8 unity on this anti-corruption measure. The United States and Europe are on board; Canada has so far stonewalled.
WASHINGTON (Thomson Reuters Foundation) - Canadian mining companies have reached a draft agreement to disclose what they pay to governments for the right to extract gold, coal and other minerals, anti-poverty activists and an industry group said.
The agreement, due for release later this week once final details have been ironed out, would be a major expansion of transparency in the extractive industries and would start to bring Canada into line with standards now taking shape in the United States and the European Union.
HudBay Minerals Inc. is making its first big bet overseas with a $1.5-billion copper mine in Peru. As its engineers work on mine construction, the Toronto-based company’s accountants are proceeding with a related project – preparing to lay out, under contentious new U.S. securities regulations, precisely what revenues it pays to federal and local governments in the South American country.
Canadian mining, oil and gas firms need to clean up their acts on the global stage by airing out their business dealings with foreign governments, according to a new private member’s bill.
Questions are being raised about how Tanzania’s plentiful mining sector will be affected by a potential gold rush from Canadian extractive companies, after the two countries concluded a foreign investment agreement.
Tanzania became the latest country to wrap up talks for a Foreign Investment Promotion and Protection Agreement with Canada after Tanzanian President Jakaya Kikwete flew to Canada and met with Prime Minister Stephen Harper on Oct. 4.
The United States took a significant step last week to exorcise the resource curse that plagues petroleum- or mineral-rich countries in the poorest parts of the developing world, and Canadian activists are urging our government to follow suit.