OTTAWA, ON – If passed this week, a Liberal private member’s Bill will have long-term harmful effects in Yukon and across Canada according to Conservative MP, Dean Del Mastro (Peterborough). Bill C-300 is expected to come to a vote in the House of Commons this Wednesday.
“I am very surprised that Larry Bagnall supported this legislation at Second Reading because in the long-term it will harm Canadian companies wanting to explore and develop in Yukon,” Del Mastro said. “There is still time for Larry to change his mind just like when he recently voted in favour of the long-gun registry.”
The Bill, if passed, would expose Canadian mining companies to frivolous legal action when they invest offshore. It has been made very clear by witnesses before the Commons committee that some Canadian companies would move their operations and set up in other countries to avoid the uncertainty created by Bill C-300. This would mean jobs for Canadians would be lost.
In effect, Bill C-300 would penalize Canadian mining companies by a creating an un-level playing field. Only Canadian companies would be punished under the provisions of Bill C-300.
Del Mastro says the Conservative caucus opposes Bill C-300 because it will hurt the economic recovery Canada is experiencing and because it ignores the significant and positive progress that has been made by Canadian companies abroad.
“There are better ways to meet the goals of the Bill than punishing mining companies and their employees who work in Yukon.” states Del Mastro. “Both the Mining Association of Canada and the Prospectors and Developers Association of Canada have been clear; this bill will do significant harm to the mining industry at home and abroad. It is the responsibility of every elected MP to know the facts before voting on legislation - MP’s that vote to support this bill are ignoring the facts.”