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Canadian CSR Councellor Launches Consultation on Dispute Resolution Mechanism
The Office of the Extractive Sector Corporate Social Responsibility (CSR) Counsellor launched consultations on its new dispute-resolution mechanism. Will this - and the role of the CSR Councellor more generally - make the controversial Bill C-300 obsolete? Read More
Will Oil Blowout Revive Trans-boundary EIA Negotiations?
It did not require the devastating Deepwater Horizon oil spill in the Gulf of Mexico to realize that oil and gas field developments are high risk operations. Similar to the Mexican Ixtoc One oil platform spill in 1979, which affected Texas coast lines, the on-going spill has the potential to result in significant trans-boundary impacts. Will this latest spill encourage the three North American governments to re-open stalled negotiations on a Trans-boundary EIA agreement? Read More
Moving from Consultation to Consent?
The IFC Performance Standards require that projects with potentially significant impacts conduct ‘Free, Prior, Informed Consultation’ (FPIC) and demonstrate ‘Broad Community Support’ (BCS). Will these requirements move towards the concept of ‘Consent’ particularly in the context of Indigenous Peoples?
IFC Performance Standards:Lessons Learned
Continued Industry Opposition to CSR Bill C-300 in Canada
Clear lines in the sand about CSR Bill C-300 targeting Canadian extractive companies operating abroad:
Review of 3 years of IFC Performance Standards
Prompted by client questions, I revisited IFC’s Report on the First Three Years of Application of IFC’s Policy and Performance Standards on Social and Environmental Sustainability and Policy on Disclosure of Information. IFC’s client surveys shows that 21 percent said the cost of PS implementation might negatively influence future decisions to work with IFC. Read More
Equator Principles: Mining, Oil & Gas Deal Transparency
Used to more user friendly disclosure practices of multilateral financial institutions like the IFC or the EBRD, advocacy groups lament lack of deal transparency by Equator Banks. Although there is room for improvement, I wonder if the existing market transparency is already being leveraged enough. Read More