Saturday, November 28, 2009

Corporate Responsibilty

In the newspaper yesterday, I saw an article about the opposition to a private member's bill currently tabled in the House of Commons. Apparently, three of Canada's largest mining conglomerates oppose this bill.

The bill in question states that, when the Canadian federal government (and its various investment funds, like the CPP, etc) invests in a particular company, the company must adhere to Canadian social responsibility standards in both domestic and foreign operations.

In plain English, this bill would mean that a company could be investigated to see if its operations (including ones in South America, Africa and Asia) are up to the standards expected in Canada. If not, no investment.

In related news, apparently, three of Canada's largest mining conglomerates have done shit that apparently they want to hide.

Check out the article here.

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