Above Ground and sixteen other civil society groups are calling for improvements in accountability and transparency at Export Development Canada as the government reviews the agency’s governing legislation.
Canada's export credit agency is reviewing its environmental and social risk management policies. Given the agency's repeated support for companies facing credible allegations of human rights abuse, environmental damage or other serious harms, such a review is long overdue.
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.
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.
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.
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.