News

News

UN report tells Canada to do more to combat human rights abuse by business overseas

The Canadian Network on Corporate Accountability says the government must immediately implement the recommendations of a UN report that calls for a coherent policy to protect against business-related human rights abuse.

Protestor deaths draw attention to years of misconduct by EDC client Vedanta

Last month 13 people protesting the expansion of a copper smelter owned by Vedanta Limited were shot and killed by police in the Indian state of Tamil Nadu. Vedanta Ltd. is financed by the Canadian government despite being blacklisted on human rights and environmental grounds by many investors.

Auditor general finds stunning deficiencies in risk management at Canada’s export bank

Above Ground has long questioned Export Development Canada’s assessment of environmental and human rights risks posed by its clients' operations. Now the auditor general is warning there are “significant deficiencies” in the agency’s overall management of risk.

Report calls for overhaul of anti-corruption screening at Export Development Canada

Legal and policy reforms are needed to bolster anti-corruption mechanisms at Export Development Canada (EDC), according to a report released today by Above Ground. The publication identifies key weaknesses in EDC’s anti-corruption screening procedures and names several EDC clients investigated and/or charged with corrupt practices.

Bombardier-Gupta affair provokes timely debate on accountability of EDC

Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family has triggered an important public debate about the accountability and transparency of Export Development Canada. With Parliament set to review EDC’s governing legislation this year, the timing for such a discussion could not be better.

Canadian government includes EDC support in its review of fossil fuel subsidies

Last fall we wrote to Canada’s environment minister urging that the government include in its review of fossil fuel subsidies the billions in support it provides to oil and gas companies each year through Export Development Canada (EDC). We have now received confirmation that “EDC has been included as a part of this review.”