John McKay’s Bill C-300 on Corporate Accountability Passes 2nd Reading, Moves to Committee Stage

Thursday, April 23, 2009

MP John McKay’s Bill C-300 on Corporate Accountability Passes 2nd Reading,
Moves to Committee Stage

OTTAWA – On April 22, 2009 Bill C-300, sponsored by Hon. John McKay PC, MP, passed second reading in the House of Commons with a vote sending it to the Standing Committee on Foreign Affairs and International Development for further study. C-300 passed by a close margin - Yeas: 137; Nays: 133.

Bill C- 300, also cited as An Act Respecting Corporate Accountability for Mining, Oil and Gas Corporations in Developing Countries, will promote responsible environmental practices and international human rights standards on the part of Canadian mining, oil and gas corporations in developing countries.  The purpose of this Act is to ensure that corporations engaged on mining, oil or gas activities and receiving support from the Government of Canada act in a manner consistent with international environmental best practices and with Canada’s commitments to international human rights standards. The Act gives the Minister of Foreign Affairs and the Minister of International Trade the responsibility of holding corporations accountable for their practices by submitting annual reports to the House of Commons and the Senate for review.

Said McKay: “I would like to offer my sincere thanks to all of the NGOs and supporters that have helped move this Bill forward. Their efforts have been indispensible throughout this process. I am looking forward to working with fellow parliamentarians to see this Bill through to Royal Assent.”

Full text of C-300:

http://www2.parl.gc.ca/HousePublications/Publication.aspx?DocId=3658424&Language=e&Mode=1

Hon. John McKay, P.C., M.P.