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Article

4 Jul 2006

Author:
Peter Davis, Ethical Corporation

Security, human rights and business: A turning point for the Voluntary Principles

A plenary session of the Voluntary Principles on Security and Human Rights announced...that participation would be opened to more extractive companies, NGOs and project host governments...This move is a significant development. Companies like Petrobras of Brazil, Pertamina of Indonesia, and China’s Sinopec and PetroChina are fast becoming highly significant players...there is now a possibility that these companies might be brought into the process even if their home governments fail to join. However, there are aspects of “participation” in the process that evidently remain unresolved. So much was made abundantly clear by a joint statement by the Process’s NGO participants expressing “deep disappointment” at the failure...to reach agreement on a set of governance and accountability criteria.