Canada's export credit agency is reviewing its environmental and social risk management policies. Given the agency's repeated support for companies facing credible allegations of human rights abuse, environmental damage or other serious harms, such a review is long overdue. In this submission to Export Development Canada (EDC), we call for major reforms to EDC's due diligence processes and its public reporting.
Even as it claims to be working to “tackle climate change,” Canada's export credit agency continues to provide roughly 10 billion dollars in support to fossil fuel companies each year. In this submission to Export Development Canada (EDC), we examine key weaknesses of the agency's climate change policy and make recommendations to bring it in line with Canada's international commitments.
In May, 120,000 people in northwestern Colombia were endangered by the potential collapse of a hydroelectric dam being developed by Empresas Públicas de Medellín (EPM), a client of Canada’s export credit agency. EPM is currently under investigation for possible corruption and environmental damage linked to the project.
In May Indian police shot and killed 13 people who were protesting pollution from a copper smelter owned by Vedanta Ltd, a client of Export Development Canada (EDC). In this letter, we seek answers from EDC's President and Chief Executive Officer regarding the actions taken by the public agency to respond to the shootings and the harms caused by its client's operations.
As leaders of the world’s richest countries gather at the G7 summit today, Canada’s prime minister intends to push for a commitment on climate change in the meeting’s final statement. But the government’s slow progress on a 2009 pledge to eliminate fossil fuel subsidies raises questions about Canada’s own commitment to cut emissions.
Eight claims containing allegations of environmental or human rights abuse related to the overseas operations of Canadian extractive companies have been filed in Canadian courts. This document provides a summary of these eight lawsuits, their implications, and the challenges presented by transnational lawsuits of this nature.