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Bringing Export Development Canada’s Climate Change Policy in Line with Canada’s Commitments
Even as it claims to be working to “tackle climate change,” Canada's export credit agency continues to provide roughly 10 billion dollars in support to fossil fuel companies each year.
Ituango dam crisis exposes accountability gap at EDC
In May, 120,000 people in northwestern Colombia were endangered by the potential collapse of a hydroelectric dam being developed by Empresas Públicas de Medellín (EPM), a client of Canada’s export credit agency. EPM is currently under investigation for possible corruption and environmental damage linked to the project.
EDC must act to address misconduct by client Vedanta
In May Indian police shot and killed 13 people who were protesting pollution from a copper smelter owned by Vedanta Ltd, a client of Export Development Canada (EDC). In this letter, we seek answers from EDC's President and Chief Executive Officer regarding the actions taken by the public agency to respond to the shootings and the harms caused by its client's operations.
UN report tells Canada to do more to combat human rights abuse by business overseas
The Canadian Network on Corporate Accountability says the government must immediately implement the recommendations of a UN report that calls for a coherent policy to protect against business-related human rights abuse.
The 10-billion dollar elephant in the room
As leaders of the world’s richest countries gather at the G7 summit today, Canada’s prime minister intends to push for a commitment on climate change in the meeting’s final statement. But the government’s slow progress on a 2009 pledge to eliminate fossil fuel subsidies raises questions about Canada’s own commitment to cut emissions.
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.