Extractive Industries and Sustainable Development: the Challenges of Implementation (Fifth Columbia International Investment Conference)
Source: The Vale Columbia Center's website
The challenges of poverty alleviation, environmental sustainability and governance can and should be addressed in an effective sustainability framework for foreign investment. The shared goal of companies, host-country governments and civil society is an investment framework that promotes sustainable development and the mutual trust needed for long-term investments. The extractive industries face a special need for such trust, given the massive long-term investments that they undertake in poor and potentially unstable countries. For investors to succeed, and for host-countries to reap the potential benefits of such investments, a mutually agreeable sustainable investment framework should last for decades and accommodate unexpected shocks that inevitably will arise during the lifetime of the investments. Thus, implementing a framework for sustainable development for extractive industries should be a cooperative effort among companies, governments and civil society.
The purpose of this conference is to discuss and assess how past and ongoing initiatives to promote cooperative, transparent, equitable, and efficient FDI in the extractive industries have succeeded, how success is measured, and how success can be scaled up and better implemented in the future to achieve real development outcomes. It is time to take stock, ask the critical questions and build on what has been done in order to move forward with this more holistic approach to the problématique of implementing sustainable development in resource rich countries.
The program is available for download here.Registration is required. Please register here.
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