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Protestor deaths draw attention to years of misconduct by EDC client Vedanta
Last month 13 people protesting the expansion of a copper smelter owned by Vedanta Limited were shot and killed by police in the Indian state of Tamil Nadu. Vedanta Ltd. is financed by the Canadian government despite being blacklisted on human rights and environmental grounds by many investors.
Transnational Lawsuits in Canada against Extractive Companies
Eight claims containing allegations of environmental or human rights abuse related to the overseas operations of Canadian extractive companies have been filed in Canadian courts. This document provides a summary of these eight lawsuits, their implications, and the challenges presented by transnational lawsuits of this nature.
Auditor general finds stunning deficiencies in risk management at Canada’s export bank
Above Ground has long questioned Export Development Canada’s assessment of environmental and human rights risks posed by its clients' operations. Now the auditor general is warning there are “significant deficiencies” in the agency’s overall management of risk.
Export Development Canada playing loose with loan risks: Auditor-General report
Export Development Canada is mishandling loan risks and keeping board members in the dark about key financing arrangements, according to a scathing report by federal Auditor-General Michael Ferguson. By Barrie McKenna | The Globe and Mail
Report calls for overhaul of anti-corruption screening at Export Development Canada
Legal and policy reforms are needed to bolster anti-corruption mechanisms at Export Development Canada (EDC), according to a report released today by Above Ground. The publication identifies key weaknesses in EDC’s anti-corruption screening procedures and names several EDC clients investigated and/or charged with corrupt practices.
Anti-Corruption and Export Development Canada: Recommendations for an Effective Policy and Improved Regulatory Oversight
In this report, we examine reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard. The recommendations are informed by leading anti-corruption policies and guidance documents from other export credit agencies, international financial organizations and the private sector.
