Glencore's coal takeover draws ire of MPs

Source:
Canada's National Observer

Natasha Bulowski, Canada's National Observer

A Swiss-based mining company with a sketchy foreign business record that won approval to take over Teck Resources’ B.C. coal mines has MPs from multiple parties and environmental groups up in arms.

François-Philippe Champagne, federal Minister of Innovation, Science and Economic Development, approved mining giant Glencore’s $12.3-billion takeover of Teck Resources’ coal mines — called Elk Valley Resources — on July 4.

A few weeks after the announcement, a group of mining-focused environmental organizations published a report outlining Glencore’s “significant corruption, climate failings, and environmental and human rights violations,” and questioned whether the federal government considered these factors when it approved the sale.

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