Natural Resources committee  As I said in my opening comments, we're trying to align with the common global standard. The issue of the ombudsman has not been raised in this regard in terms of the legislation that's being brought forward in the U.K. and the European Union. With respect to the U.S. legislation

Natural Resources committee  At the G-8 in 2013, the U.K. Prime Minister, Prime Minister Cameron, who was the chair that year, asked that countries, G-8 leaders, contribute to a global standard on mandatory reporting. In this regard, the United States has legislation in the works to bring in mandatory repor

Natural Resources committee  There's not a formal group, but we do.... In terms of the United Kingdom, they have been sharing with us, as they can, information on their legislation. We have also visited with the U.S. Securities and Exchange Commission. We went down there in the spring, although they're now

Natural Resources committee  At this point in time, as I noted in my opening remarks, Canada has quite a global reach for its mining and oil and gas industries. What can often happen is this. Our companies that operate in some of these countries—they operate, for example, a mine—pay their taxes and royalti

Natural Resources committee  It will brand them as a responsible resource developer internationally. Canada has a very good reputation, and this will enhance that reputation even further when operating abroad. Domestically, by implementing the same standards at home, it shows that we're walking the talk, whi

Natural Resources committee  Thank you, Mr. Chairman. Thank you, committee members. I have some short opening remarks I would like to make regarding the extractive sector transparency measures act. The act is designed to implement Prime Minister Harper's 2013 G-8 commitment to contribute to global anti-cor