Download - Mark Pearson - PWYP Montreal Conference 2009
![Page 1: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/1.jpg)
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
![Page 2: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/2.jpg)
Extractive Industries Transparency Initiative
• 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.
• 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.
• 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.
![Page 3: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/3.jpg)
A Global “Gold Standard”
• Since its inception in 2002, the EITI has become the leading mechanism for transparency and accountability in the extractives sector.
• 30 countries are undergoing the EITI process, with new countries continually becoming engaged.
• It continues to garner support from other sectors, including international organizations, civil society and international financing institutions.
![Page 4: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/4.jpg)
Why does Canada support the EITI?
• Core principles of the EITI are consistent with Canada’s official development assistance programs.
• Good governance mechanisms help to promote stability and mitigate political risk for Canadian investment.
• Creates a consistent methodology that enables working with industry to implement practical solutions to development challenges.
• Multi-stakeholder nature ensures civil society plays a meaningful role.
![Page 5: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/5.jpg)
Our History with the EITI
Participation was a result of the 2006 National Roundtables on Corporate Social Responsibility and the Canadian Extractives Sector in Developing Countries.
Support was formally announced in 2007 and has been identified as a key deliverable in the Government of Canada’s 2009 CSR Strategy.
Canada provides technical assistance, monetary contributions and policy advice and advocates for the EITI in international fora.
![Page 6: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/6.jpg)
Outreach at Home
2008:• National EITI Outreach
– Information session to engage key stakeholders in the EITI.
2009:• Industry-Based Outreach
– Workshop to situate the EITI amongst international CSR initiatives
2010: • Civil Society Outreach
– Session on the margins of GLOBE 2010
![Page 7: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/7.jpg)
Canada’s EITI website
• Canada’s EITI website was launched October 2009 in Baku, Azerbaijan, in support of broader national outreach. The site:
– Profiles Canada’s approach and experiences with the EITI;– Highlights the impacts of the initiative for Canadian
industries and details success stories; and,– Showcases our domestic reporting mechanisms.
www.eiti.nrcan.gc.ca /// www.itie.rncan.gc.ca
![Page 8: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/8.jpg)
EITI: Looking forward
• The EITI is approaching its first milestone with 20 countries expected to validate in March 2010.
• To this end Canada will:
– Continue to highlight and advance the EITI Principles and Criteria in International Fora -- e.g., G8, the UN, La Francophonie;
– Support the EITI’s momentum as an international gold standard; and
– Position the EITI as a key international mechanism to address natural resources governance issues.
![Page 9: Mark Pearson - PWYP Montreal Conference 2009](https://reader036.vdocuments.site/reader036/viewer/2022082920/554ddf5fb4c905c70e8b533a/html5/thumbnails/9.jpg)
Thank you!
For more information, please visit Canada’s
National EITI website:
www.eiti.nrcan.gc.ca