This project seeks to set up a Canadian International Institute for Extractive Industries and Development. The Institute aims to help resource-rich developing countries make better use of and derive more benefit from their extractive sectors in order to reduce poverty and stimulate sustainable economic growth. The Institute acts as an independent centre for Canadian and world-class expertise in improving and strengthening resource governance to help developing country governments manage their extractive sectors.
The extractive industries (mining, oil and gas) can provide high quality jobs, generate significant government revenue, attract private investment capital, and grow local enterprises, but many developing countries face challenges in effectively governing and managing their extractive industries to achieve these benefits. The Institute offers expertise to developing countries’ governments to meet their needs for policy, legislation, regulatory development and implementation, training, technical assistance and applied research related to their own extractive sector.
In collaboration with development countries’ governments, the Institute plans to work in three areas: (i) building stronger governance processes by supporting the design and implementation of better legislation, regulation, policy making, and standards development; (ii) improving the management of natural resources and environmental issues through integrated resource management, including adopting best practices in natural resource extraction and use such as ecological impact monitoring and assessment, management of water and waste, biodiversity planning, and emergency preparedness; and (iii) contributing to economic development and diversification, including integrated national and regional planning, community and occupational health and safety, employment and business development opportunities and cultural and gender sensitivity.
The Institute also builds the ability of people in developing countries to contribute to the equitable and sustainable governance and management of their extractive sectors and it generates and disseminates knowledge on extractive sector governance in developing countries.
The Institute is led by the University of British Columbia, which works in coalition with Simon Fraser University and École Polytechnique de Montréal.
The expected intermediate outcomes for the Institute include: i) improved design and implementation of extractive sector policies and frameworks by developing country governments; ii) increased human resource capacity in developing countries to contribute to the equitable and sustainable governance and management of their extractive sectors; and iii) increased generation and sharing of knowledge on extractive sector governance and management in developing countries.
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|University of British Columbia - University-Industry Liaison Office||2013-05-24||Contribution|