Corporate accountability overseas

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It’s not often that a private member’s bill gets passed into law without government support. A little unexpectedly, Liberal MP John McKay‘s Bill C-300 on corporate accountability in developing countries passed 2nd reading last week. It is now before the Foreign Affairs and International Development Committee, which is dominated by the opposition, so things are looking promising.

The Bill aims to ensure that federally supported oil & gas and mining companies respect international environmental best practices and human rights standards.

If passed, expect Ottawa to create “corporate accountability” guidelines that meet those standards so that it can hold mining and oil and gas corporations publicly accountable for compliance overseas.

A recent Lawyers Weekly article has some interesting background. Intriguingly, this could be John McKay’s third private member’s bill passed into law.