Ecopetrol

Ecopetrol

Is EDC ready to run Canada’s new development finance institute?

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.

EDC’s response to alleged abuse in Colombian oilfields highlights deficits in due diligence

Our latest correspondence with Export Development Canada (EDC) about human rights violations associated with the operations of EDC clients Pacific Exploration & Production and Ecopetrol highlights our longstanding concerns about the adequacy and transparency of the agency's due diligence practices.