due diligence

due diligence

EDC support to oil companies accused of abuses in Colombia questioned

Above Ground, together with international and Colombian human rights groups, is questioning Export Development Canada (EDC) over its financing of two oil companies associated with serious human rights violations in Colombia's strife-ridden Rubiales and Quifa oilfields.

23 September 2016|Categories: Other News, Letters|Tags: , , , |

Coming soon in Europe: laws requiring corporate due diligence on human rights?

We’re following with interest several legislative initiatives in Europe that, if successful, would create enforceable legal requirements for companies to prevent their worldwide business activities—and those of their subsidiaries and contractors—from fuelling human rights abuse.

7 July 2016|Categories: Other News|Tags: , , |

Op-ed: Don’t bankroll the next foreign mine disaster

Last November’s massive mine spill in the state of Minas Gerais was Brazil's worst environmental disaster. Export Development Canada provided one of the mine's joint venture owners, Brazilian multinational Vale, with hundreds of millions of dollars in financing for its global operations. Canadians shouldn't bankroll the next foreign mine disaster, argues Above Ground's director in an opinion piece published today in Embassy.

12 January 2016|Categories: Publications|Tags: , , , |

EDC clients investigated for corruption

Several corporations financed by Export Development Canada are currently being investigated for corruption by U.S. government authorities. In correspondence with EDC, we seek clarity on how this public agency prevents corrupt practices and what steps it takes when clients are investigated for corruption. This letter responds to correspondence received from EDC.

23 October 2015|Categories: Other News, Letters|Tags: , , , , , |

Export Credit Agencies and Human Rights: Failure to Protect

This report, published in 2014 by the Halifax Initiative, Counter Current, Forum Suape, Both Ends and Movimiento Ríos Vivos, presents case studies of projects with significant human rights impacts that have been carried out by private sector actors financed by export credit agencies. One of the case studies focuses on Export Development Canada's financing of Brazilian mining company Vale. The report identifies policy and law reform recommendations that seek to ensure that export credit agencies no longer commit nor are complicit in human rights violations.

29 June 2015|Categories: Publications|Tags: , , |