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.
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.
This document provides answers to frequently asked questions about export credit agencies, their human rights obligations and the role of Export Development Canada.
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.