Thirty to forty million dollars is also the ceiling for corporate liability if Canada were to suffer a catastrophic oil spill.

Current rules are clear: corporate liability is limited to $30 million on the east coast and $40 million elsewhere.

On the other hand, the appellants submit that the General Court applied the method for attributing liability in a discriminatory manner, either by failing to apply the dual basis test to Universal Corporation and Universal Leaf or by failing to apply to SCC and SCTC the method applied to Universal Corporation and Universal Leaf.

Mr. Georgetti was there to support my bill on socially responsible investment, the objective of which is to increase corporate transparency and accountability with respect to the use of the billions of dollars invested through pension funds.

This is the case for all actions the performance of which requires specialised knowledge or local expertise (e.g. national differences as regards the treatment of interests in securities held with an intermediary, corporate actions, securities issuance practices, etc) or when local participation is actually imposed (e.g., by Member States' rules that give withholding tax responsibilities exclusively to local intermediaries).

We would like to make the following recommendations: maximum fines should be preserved, and minimum fines removed, so that penalties can be adapted to the circumstances; the presumption of innocence must be recognized; a distinction must be drawn between accidental and intentional offences and between discharges of large and small quantities; there must be compliance with Canadian standards in the area of corporate liability; steps must be taken to ensure the bill is consistent with the letter and spirit of the international conventions to which Canada is a signatory; last, the bill should contain a provision drawing attention to th ...[+++]e existence of these conventions.