Public interests at risks for SNC-Lavalin's profits
New corporate profile highlights controversial record of
multinational P3 giant
OTTAWA, ONTARIO -- (Marketwired) -- 06/27/13 -- With allegations of
fraud, money-laundering, and bribery in Canada and around the world,
the scandals plaguing SNC-Lavalin Group Inc. have been well
publicized. Yet municipal governments across Canada are still
considering entering into public-private partnerships (P3s) with the
controversial multinational corporation.
To help municipal councils and officials evaluate SNC-Lavalin as a
potential partner, and to ensure concerned community members are
fully aware of the company's track record, the Canadian Union of
Public Employees and the Polaris Institute are releasing a
comprehensive profile of the company's storied-history and
performance record on P3 projects.
"SNC-Lavalin has a long history of troubling controversies, but is
still courting public money with risky P3s across the country," says
Paul Moist, national president of CUPE. "It's important that
communities considering turning over valued public services know the
track records of companies like SNC-Lavalin before entering into a
The profile of SNC-Lavalin is the first in a 10-part series, Public
risks, private profits, developed jointly by CUPE and the Polaris
Institute. The series profiles will be released over the next six
months, focusing on key private water and wastewater services
corporations in Canada's P3 market. The profiles provide overviews of
corporate structures and governance, lobby activity, past and present
P3 contracts, and background on legal troubles or controversies.
The companies being profiled are diverse, ranging from international
corporations to smaller Canadian based financers and contractors. The
common thread is their desire to profit from public water and
wastewater systems through P3s.
"One way of protecting publically owned and operated water and
wastewater services is to educate the public about the track records
of the companies vying for P3 contracts," says Richard Girard,
executive director of the Polaris Institute. "This series will be an
important tool for communities to challenge P3s."
Given the success of recent efforts to oppose water and wastewater
P3s in places like Abbottsford, Metro Vancouver, and most recently
Regina, public opposition is a key concern for the P3 industry. The
Public risks, private profits series will give community members
invaluable information to counter the well-funded marketing and
promotion campaigns of companies looking to profit from P3s.
The next company to be profiled is international water corporation
Veolia (to be released in late July), with others such as Bilfinger
Berger, Black and Veatch, and CH2M Hill to follow. Profiles will be
available at http://cupe.ca and www.polarisinstitute.org.
CUPE Media Relations
613-237-1717 ext 105
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