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Campaigners welcome Parliamentary Committee’s recommendation that regulation for extractive sector should include social & environmental criteria

Author: London Mining Network , Published on: 28 October 2014

Campaigners have welcomed the outcome of an inquiry into the extractives sector conducted by the Parliamentary Committee on Business, Innovation and Skills, calling on the government to take action on the sector that campaigners have accused of being ‘unethical and often hugely destructive’…Today, the…Committee will release its verdict on the future of the mining and extractive industry. Echoing campaigners’ calls to toughen regulation, it recommends that the FCA’s remit be expanded to screen companies wanting to list on the London Stock Exchange on their social and environmental standards. Commenting on the recommendations of the report, Alex Scrivener, policy officer for the World Development Movement…said: “…The inquiry’s verdict is a real step in the right direction, but what we need now is for the government to act quickly to implement the…recommendations.”…Campaigners did not welcome the entire verdict…[Also refers to: Bumi] 

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Related companies: Bumi Resources