Export Development Canada

Export Development Canada

Mexican chapter in the Odebrecht saga underscores need to bolster transparency at EDC

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.

Report investigates human rights abuse linked to Kinross Gold’s Brazilian mine

A report released today by Above Ground and Brazilian organization Justiça Global documents human rights abuse tied to a Canadian mine in Brazil. The project is operated by a subsidiary of Kinross Gold, a Canadian company financed by the government of Canada.

2017-12-11T14:40:56+00:00 11 December 2017|Categories: Press Releases|Tags: , , , , |

Public financing of oil & gas mustn’t be overlooked in fossil fuel subsidies review

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.

2017-11-16T17:39:16+00:00 16 November 2017|Categories: Letters|Tags: , , |

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.