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Ensuring Public Support for Extractive Sector Accountability in Canada

Explore the effectiveness and gaps in public support for the extractive sector in Canada, urging for improved accountability in projects that align with environmental and human rights obligations on national and international levels. Recommendations to enhance monitoring and regulation through institutions like EDC, WBG, MDBs, CCC, CPP, and CIFA.

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Ensuring Public Support for Extractive Sector Accountability in Canada

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  1. Public support for the Extractive Sector – myth or reality? • Export Development Canada (EDC) • World Bank Group (WBG) • Multilateral Development Banks (MDBs) • Canadian Commercial Corporation (CCC) • Canadian Pension Plan (CPP) • Canada Investment Fund for Africa (CIFA) • Embassies; Team Canada; CIDA/Inc.

  2. Public support…plus… • Quantitative…and qualitative… • EDC, WBG, MDBs leverage additional capital • Promote “trade and investment” (NOT development and HR) – myopic; lacks coherence • BUT public institutions, using public capital, and should be acting in the broader public interest • Responsibility of the government to regulate the activities and impacts of these institutions

  3. Addressing the Environment & Human Rights – where are the gaps? • EDC – Environmental review; PRA (cf. ECGD) • WBG – Performance Standards; HRIA (cf. Danish Institute, International Alert, R&D) • MDBs – Safeguards; (cf. IDB, EBRD HR screen) • CCC – Environmental Review Framework • CPP – Policy on responsible lending; UN Principles for responsible investment; (cf. Norway) • CIFA – Investment criteria; (cf. Equator Principles; Ethical investment Funds)

  4. Actionable Ideas – General & Specific Given these gaps, the Canadian government should: • not provide public support through the bilateral and multilateral public financial institutions for projects that violate Canadian, or host country, international environmental and HR obligations – EBRD; Finance This would require the government to: • play a lead role in pushing the WBG and MDBs to mainstream HR – EIR; Danino; Sweden, Norway. • report on these efforts in Annual Reports on the BWIs, and MDBs to Parliament - EBRD

  5. Actionable ideas - Specific • amend the ED Act to require EDC to assess HR issues, and the CP Act to require the CPP IB to assess social, environmental and HR issues – Delcredere; Norway • following amendments, establish a public process to develop protocols to implement these assessments, and appropriately staffed and resourced Units to conduct the assessments - EDC • develop an independent ombudsman mechanism to receive complaints, advise government institutions, and mediate between groups to ensure the appropriate application of the above policies and practice - Oxfam • develop a screen for CIFA and CCC

  6. Contact Details Fraser Reilly-King Coordinator, Halifax Initiative Coalition 153 Chapel Street, Ottawa, ON K1N 1H4 Tel: (613) 789-4447 freillyking@halifaxinitiative.org www.halifaxinitiative.org

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