While other public institutions pull out of fossil fuels, Canada's export credit agency continues to heavily support oil companies vying to expand production in one of the world's most emissions-intensive oil fields.
Warnings of corruption and social and environmental harm accompanied the Hidroituango venture from its earliest days. Yet Canada’s export credit agency helped make the project happen, with a $466-million loan to EPM, the company developing the dam.
Over the past decade Kinross Gold has dramatically expanded its Morro do Ouro mine, displacing traditional communities in the process. Despite these abuses, Kinross Gold remains a frequent client of Canada's export bank.
Above Ground works to ensure that companies based in Canada or supported by the Canadian state respect human rights and the environment worldwide. It is a project of MakeWay, a national charity that builds partnerships and solutions to help nature and communities thrive together.
Above Ground c/o MakeWay 400-163 West Hastings Street Vancouver, BC V6B 1H5