Export Development Canada has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. But its transparency could use some work. By Richard Poplak | Published in The Walrus
A report released today by Above Ground and Brazilian organization Justiça Global documents human rights abuse tied to a Canadian mine in Brazil. The project is operated by a subsidiary of Kinross Gold, a Canadian company financed by the government of Canada.
This report by Above Ground and Justiça Global documents human rights abuse tied to the expansion of the Morro do Ouro mine in Brazil by a subsidiary of Kinross Gold, a Canadian company financed by the government of Canada.
Today, in partnership with colleagues in Europe and the U.S., Above Ground introduces www.BHRinLaw.org. This site provides up-to-date news and summaries of developments in the push to make business respect for human rights across borders a legally enforceable requirement, through legislation and case law.
In this letter, we urge Canada’s environment minister to ensure that financing provided to oil and gas companies by Export Development Canada (EDC) is included in the government’s review of non-tax fossil fuel subsidies. As the government works towards its stated goal of fighting climate change, the billions of dollars in support EDC provides to the oil and gas sector every year must not be left out of the equation.
Earlier this year, Export Development Canada (EDC) was tasked with running Canada’s new Development Finance Institute. In its new role financing private investment for the purposes of poverty alleviation and sustainable development, EDC will need to adopt robust due diligence practices to ensure the investments it supports respect human rights and the environment.