Imperial Canada Inc.

By Alain Deneault & William Sacher
Translated by Fred A. Reed

Imperial Canada Inc.
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Imperial Canada Inc. sets out to ask a simple question: why is Canada home to more than 70% of the world’s mining companies?
Created by the British North America Act of 1867, Canada, rather than turning away from its colonial past, actively embraced, appropriated, and perpetuated ... Read more


Overview

Imperial Canada Inc. sets out to ask a simple question: why is Canada home to more than 70% of the world’s mining companies?
Created by the British North America Act of 1867, Canada, rather than turning away from its colonial past, actively embraced, appropriated, and perpetuated the imperial ambitions of its mother country. Two years later, it took possession of Rupert’s Land—all of the land draining into Hudson Bay—and the North West Territories from the Hudson’s Bay Company, 3 million square miles of resources, and set about its nation-building enterprise of extending its Dominion “from sea to sea. ”
This Canadian imperial heritage continues to offer the extractive sector worldwide a customized trading environment that: supports speculation, enables capital flows to finance questionable projects abroad, pursues a pro-active diplomacy which successfully promotes this sector to international institutions, opens fiscal pipelines to Caribbean tax havens, provides government subsidies, and most especially, offers a politicized legal haven from any risk of litigious recourse attempted by any community seriously affected by these industries.
Traditionally rooted in Canadian law, the right to reputation effectively supersedes freedom of expression and the public’s right to information. Hence, Canadian “bodies corporate,” i. e. Canadian-based corporations, can sue for “libel” any and all persons or legal entities that quote documents or generate analyses of their corporate practices that they do not approve of. Even foreign academics have become hesitant about presenting their work in Canada for fear of such prosecution.
The authors of Imperial Canada Inc. , all respected scholars in their fields, meticulously research four factors that contribute to the answer to this question: Quebec’s and Ontario’s mining codes; the history of the Toronto Stock Exchange; Canada’s involvement with Caribbean tax havens; and, finally, Canada’s official role of promoting itself to international institutions governing the world’s mining sector.

Reviews

“Through well-documented detail, Alain Deneault and William Sacher show how a permissive domestic policy and regulatory regime and an extreme level of investment speculation combine to allow some Canada-based mining companies to behave deplorably around the world. At a time when the Harper government is rolling back key environmental laws to accelerate resource development in Canada, Deneault’s and Sacher’s hard-hitting analysis and tone beg a timely question: if Canadians want to export—not bad—but exemplary corporate behaviour to the rest of the world, what standards must we hold our mining companies to here at home?”
– Ed Whittingham, Pembina Institute

“… well-researched look at one of the many complex problems posed by global capitalism. Further, the mining industry is a particularly useful lens through which to view these broader problems in that mining is, with agriculture, literally the foundation for the rest of the real economy. – Saskatchewan Law Review

“There are two – or more – sides to most every argument and, by delving into the pages of Imperial Canada Inc. , those affected by mining (which essentially is everyone) will gain valuable insight into this giant industry and its impacts around the world. ”
—canadianminingmagazine. com

“Through well-documented detail, Alain Deneault and William Sacher show how a permissive domestic policy and regulatory regime and an extreme level of investment speculation combine to allow some Canada-based mining companies to behave deplorably around the world. ..."– Ed Whittingham, Pembina Institute

“A powerful indictment of Canada’s role as a platform for mining firms engaged in highly exploitative and polluting activities in far-flung corners of the global South … and closer to home. A call for much tighter regulation of the Canadian mining industry and for ethical and responsible investment as an alternative model for the future. The publication of this book represents a blow for freedom of expression against the abusive use of SLAPP (Strategic Lawsuits Against Public Participation) lawsuits by Canadian corporations. ”
– Philip Resnick, University of British Columbia Department of Political Science

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