Mark Pearson - PWYP Montreal Conference 2009


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Canada and the Extractive Industry Transparency Initiative

Mark Pearson, Director General, External Relations, Natural Resources Canada

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Mark Pearson - PWYP Montreal Conference 2009

  1. 1. Promoting Transparency in the Extractives Sector: Canada and the Extractive Industries Transparency Initiative Mark Pearson - Director General, External Relations Natural Resources Canada Publish What You Pay Canada – International Conference November 16, 2009
  2. 2. Extractive Industries Transparency Initiative <ul><li>The EITI supports improved governance in resource-rich countries through the verification and full publication of company payments and government revenues from oil, gas and mining. </li></ul><ul><li>By aligning industry payments with government revenues, the EITI is directed at combating bribery and corruption, thereby addressing the need for frameworks to assist with responsible resource development. </li></ul><ul><li>The responsible extraction of natural resources can have a positive impact on environmental sustainability and social development and create lasting change in resource-rich communities. </li></ul>
  3. 3. A Global “Gold Standard” <ul><li>Since its inception in 2002, the EITI has become the leading mechanism for transparency and accountability in the extractives sector. </li></ul><ul><li>30 countries are undergoing the EITI process, with new countries continually becoming engaged. </li></ul><ul><li>It continues to garner support from other sectors, including international organizations, civil society and international financing institutions. </li></ul>
  4. 4. Why does Canada support the EITI? <ul><li>Core principles of the EITI are consistent with Canada’s official development assistance programs. </li></ul><ul><li>Good governance mechanisms help to promote stability and mitigate political risk for Canadian investment. </li></ul><ul><li>Creates a consistent methodology that enables working with industry to implement practical solutions to development challenges. </li></ul><ul><li>Multi-stakeholder nature ensures civil society plays a meaningful role. </li></ul>
  5. 5. Our History with the EITI <ul><li>Participation was a result of the 2006 National Roundtables on Corporate Social Responsibility and the Canadian Extractives Sector in Developing Countries. </li></ul><ul><li>Support was formally announced in 2007 and has been identified as a key deliverable in the Government of Canada’s 2009 CSR Strategy. </li></ul><ul><li>Canada provides technical assistance, monetary contributions and policy advice and advocates for the EITI in international fora. </li></ul>
  6. 6. Outreach at Home <ul><li>2008: </li></ul><ul><li>National EITI Outreach </li></ul><ul><ul><li>Information session to engage key stakeholders in the EITI. </li></ul></ul><ul><li>2009: </li></ul><ul><li>Industry-Based Outreach </li></ul><ul><ul><li>Workshop to situate the EITI amongst international CSR initiatives </li></ul></ul><ul><li>2010: </li></ul><ul><li>Civil Society Outreach </li></ul><ul><ul><li>Session on the margins of GLOBE 2010 </li></ul></ul>
  7. 7. Canada’s EITI website <ul><li>Canada’s EITI website was launched October 2009 in Baku, Azerbaijan, in support of broader national outreach. The site: </li></ul><ul><ul><li>Profiles Canada’s approach and experiences with the EITI; </li></ul></ul><ul><ul><li>Highlights the impacts of the initiative for Canadian industries and details success stories; and, </li></ul></ul><ul><ul><li>Showcases our domestic reporting mechanisms. </li></ul></ul> ///
  8. 8. EITI: Looking forward <ul><li>The EITI is approaching its first milestone with 20 countries expected to validate in March 2010. </li></ul><ul><li>To this end Canada will: </li></ul><ul><ul><li>Continue to highlight and advance the EITI Principles and Criteria in International Fora -- e.g., G8, the UN, La Francophonie; </li></ul></ul><ul><ul><li>Support the EITI’s momentum as an international gold standard; and </li></ul></ul><ul><ul><li>Position the EITI as a key international mechanism to address natural resources governance issues. </li></ul></ul>
  9. 9. Thank you! <ul><li>For more information, please visit Canada’s </li></ul><ul><li>National EITI website: </li></ul><ul><li> </li></ul>