When allegations emerged last fall that the Mexican president’s 2012 election campaign was funded in part by a subsidiary of Brazilian construction giant Odebrecht, the news barely made headlines in Canada. But this development in the Odebrecht scandal should give us pause, because it raises crucial questions about the anti-corruption and disclosure policies of our export credit agency.
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.
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.
Last month legislators and experts on business and human rights gathered in Ottawa to discuss groundbreaking developments in home state legislative initiatives aimed at protecting human rights from corporate abuse. This article provides a summary of the discussion and comments made by panelists and keynote speakers at the Bringing Responsibility Home symposium.
As the push for corporate accountability faces setbacks in the United States, could Canada hold the key for legislative progress in North America on business and human rights? In this guest post on the Business and Human Rights Resource Centre website, we discuss how Canada can emerge as a leader in this rapidly evolving field.