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.
Export Development Canada
Canadian company Pacific Exploration & Production was recently granted a concession to oil block 192 in the Peruvian Amazon. Residents in the region of Loreto have since staged a series of protests including a two-day regional strike. While many in Loreto, including the regional government, are angry that the state oil company was excluded from the concession, indigenous people affected by the oil block raise other concerns.
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.