Mr. Speaker, as I was in the process of explaining, unfortunately when the government refers to this bill, it often equates these transparency provisions with red tape that will impede investment and economic growth in the countries in question.
Sadly this rhetoric, which is central to the Conservatives' discourse, has no basis in fact. The bill sponsored by my NDP colleague calls for a responsible, progressive course of action and brings to the forefront the issues of human rights protection, the right of consumers to be informed and environmental protection.
Given the Conservatives' refusal to exercise due diligence, their blind partisanship and their belief in the benefits of deregulation, controlling the supply chain of extractive sector companies is a responsible course of action. Conflicts within the Great Lakes Region of Africa, fueled by mining companies, and their repercussions place a heavy burden on a government that, unfortunately, is only concerned about passing legislation that benefits lobbyists.
Some UN experts have called on the federal government to hold an inquiry into mining companies that fail to comply with OECD principles regarding ethical practices. In March 2009, the government announced its building the Canadian advantage strategy, which called for the appointment of an ethics counsellor devoid of any power.
Without a requirement to exercise due diligence, the activities of Canadian extractive sector companies will continue to fund social injustice and human rights violations in conflict areas. In the absence of regulations, companies seeking short-term returns on their investments will be a lightning rod for instability and will hinder direct foreign investment. Long-term investment projects are tied to the stability of political institutions.
However, the proliferation of armed groups chases away foreign investment and isolates this region, which is plagued by serious political unrest and devastating economic stagnation. In terms of foreign policy, Canada has acquired expertise in providing humanitarian aid and managing peacekeeping operations.
The development of this expertise rests on Canada’s faith in strengthening international legal instruments. As a result, Bill C-486 introduces the principle of corporate social and environmental responsibility, as well as legal provisions aimed at protecting civilian populations.
Bill C-486 contains provisions that are consistent with traditional principles of Canadian diplomacy, principles that this government is unfortunately dismantling through the excessive deregulation of the activities of Canadian companies operating abroad. A stable market, one that is conducive to investments, requires a state of law and strong political institutions, at the very least, hence the need for responsible supply chain management.
According to the French organization Coface, the prevailing political climate is one of the determining factors for a company that is seeking to invest. In the absence of regulations, activities will continue to fuel political instability, to the point where this region of the globe will become a region of bankrupt states where anarchy reigns, a region with the potential to become fertile ground for international terrorism.
Finally, when it comes to minerals, we have to understand that Canadian consumers have no way of tracing their movement. For instance, when we buy a toaster made of metals and other substances, we do not know where each of the metals came from. The same can be said for many consumer goods. There is no way of knowing exactly where the metal used was mined or processed. If consumers knew that the goods they were purchasing were manufactured with conflict minerals, and by purchasing them, they were perhaps contributing to the climate of political instability or fuelling unrest in certain areas of the world, I honestly believe they would not buy these products.
For this reason, I believe it is important to require Canadian extractive sector companies to be more transparent and more open about the movement of products. This would help to ease the instability and decrease the incidence of human rights violations in these regions.