Natural resources include petroleum and natural gas, hydroelectric power, metals and minerals. Canada is the world’s second largest uranium producer and 3rd largest producer of primary aluminium. In 2009 the natural resources sector contributed 11% to GDP and made up 47% of total exports. Canada is not only richly endowed in natural resources but plays a large role in the international extractive industry. The listed companies on the Toronto Stock Exchange make up 13% of the global value of companies. Canada is also home to some of the world’s most important mining companies such as Barrick Gold, Newmont mining corporation and First Quantum Minerals.
Sources: Mining Nerds, Natural Resources Canada, US State Department, World Nuclear Association
Visit PWYP Canada’s website
PWYP Canada was launched in March 2008 by 7 Canadian civil society organisations and is hosted by Partnership Africa Canada. Since launching the coalition, PWYP-Canada has widened its network within the country and internationally among various stakeholder groups including parliamentarians, government officials, regulators, industry, academics and civil society organizations. Furthermore, the coalition has widened the range of issues it works on to include contract transparency and a greater emphasis on capacity building for Africa coalition partners. One of the main focuses of the coalition is to advocate for Canada to adopt stock listing requirements mandating financial transparency of extractive companies as well as pushing for Canada to adopt EITI.
Visit Canada’s financial transparency page for more information about the coalition’s funding.
8 February 2013 – A group of Canadian Investors – representing over C$ 362 billion in assets under management – has come out in support for Canada’s Resource Revenue Transparency Working Group. You can view their statementhere.
6 September 2012 PWYP-Canada, along with the Revenue Watch, Mining Association of Canada, and Prospectors and Developers Association of Canada, announced the launch of the Resource Revenue Transparency Working Group.
15 May 2012 – PWYP-Canada launched its publication An Eye on Disclosure: The PWYP-Canada Guide to Accessing Information on Canadian Companies. The publication provides examples of the type of information that can be found in the securities disclosure documents of Canadian mining companies, as well as instructions on how these documents can be accessed. While the available information is not yet adequate for PWYP standards, it does provide some useful information that PWYP coalition members can incorporate into their advocacy, research and outreach activities. You can access the manual in French (PDF) and in English (PDF). Please email email@example.com if you have any comments or questions about the manual.
7 September 2011 – In an effort to promote greater awareness of the importance of EITI, as well as to discuss Canadian engagement, Publish What You Pay Canada co-organized a roundtable event on September 7th featuring Chair of the EITI International Board Rt. Hon. Clare Short. The event was entitled EITI: Achievements, Challenges and the Way Forward, and featured discussants from the Canadian government, the private sector, civil society and academia.
The event hosted over 70 participants from various stakeholder groups, who engaged in a discussion that addressed a variety of issues related to the EITI, with particular emphasis on the Canadian context. The discussion clearly demonstrated that Canadian stakeholders are very interested in the EITI, as well as broader transparency issues related to the extractive sector, and that continued engagement on this issue is necessary to foster meaningful debate and dialogue. This is especially important in terms of continuing to advocate for the implementation of the EITI by the Government of Canada. The possibility of having some provinces, Quebec in particular, implement the EITI was also discussed.
January 2011 PWYP-Canada co-hosted a roundtable event with Revenue Watch Institute and the International Human Rights Programme at the University of Toronto, on Canadian securities regulations. The event was entitled Harmonizing Canada-US Disclosure Requirements in the Extractive Industries, and brought together the Canadian private sector, regulators, civil society and academics to discuss the potential impact of the US legislation on the Canadian regulatory regime and Canadian companies.
PWYP-Canada also announced the establishment of its capacity building project with the goal of creating greater awareness on how to access and use public information on Canadian companies. The project has two main activities. The first is the creation of portfolios containing public information disclosed by some of the largest Canadian mining companies operating in Africa. This information is drawn from SEDAR, CSR reports, etc., and will be compiled in an easy to read and accessible format. The companies are selected based on demand from PWYP and civil society partners, as well as on the information available. The portfolios will serve as a starting point for PWYP international coalitions in their research, advocacy and monitoring of Canadian mining companies operating in their countries, as well as improve the PWYP Canada coalition’s technical capacity in research and in interpreting publicly available information on Canadian mining companies. In addition, the project will increase awareness and knowledge of avenues for obtaining publicly available information on Canadian companies, for PWYP-coalition members, other relevant CSOs and PWYP international coalition members.