foreign investment

Fri, 2012-10-19 11:00Carol Linnitt
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China-Canada Investment "Straitjacket:" Interview with Gus Van Harten Part 3

This is the third and final post in the series China-Canada Investment “Straitjacket:” Exclusive Interview with Gus Van Harten. You can access Part 1 here and Part 2 here.

Canada has already begun the short countdown to the day the China-Canada Investment Deal becomes ratified in the House of Commons, although the nation has been granted no opportunity to clarify or discuss the full economic or environmental significance of the agreement - the most significant in Canada's history since NAFTA.
 
Prime Minister Harper, who signed the agreement in Vladivostok in September, is forcing this deal through with such force and brevity it makes the undemocratic Omnibus budget bill C-38 look like a dress rehearsal. 
 
International investment lawyer and trade agreement expert Gus Van Harten has landed center-stage in the controversy as one of the only figures willing and qualified to speak up against the investment agreement. He told DeSmog that Canada's rush to enter into an investment deal of this sort endangers Canadian democracy, threatens Canadian sovereignty and could fracture the government's loyalty to its people. 
 
In this post, the final segment of our interview with Van Harten, he discusses in more detail just how bad this deal is for Canada economically and how much it threatens to corrupt our way of doing business. 
Thu, 2012-10-11 10:45Carol Linnitt
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Foreign Funding? So Glad You Asked: Enbridge Renews Attack Against Canadian Environmental Groups

Enbridge recently launched a renewed attack on Canadian environmental organizations, demanding the panel overseeing the Northern Gateway Pipeline hearing squeeze funding information from the project's critics.

In early 2012, a campaign - coordinated by the conservative government, the oil industry and the astroturf Ethical Oil Institute - sought to undermine the credibility of groups opposing the pipeline by suggesting they are “foreign interest groups” that “threaten to hijack our regulatory system to achieve their radical ideological agenda” as Natural Resource Minister Joe Oliver so forcefully put it.

Now Enbridge is renewing that egregious attack by requesting the panel investigate funding granted to Canadian environmental groups from a number of prominent American foundations renowned for their work in social and environmental equity, including poverty reduction, aboriginal issues, conservation, resource management, international development, and children and peace initiatives.

But Enbridge's ploy to redirect public attention away from tar sands, pipeline and oil spill issues toward the meddling of foreign interests in Canadian affairs is misguided, to say the least. The lion's share of foreign funding that guides the Canadian resource economy does not come in the form of conservation or environmental efforts: it comes through foreign investment in the resource sector.

And in the instance of the tar sands and related pipelines, foreign investments can be a politically, environmentally and socially dangerous affair.

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