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.
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.
Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family has triggered an important public debate about the accountability and transparency of Export Development Canada. With Parliament set to review EDC’s governing legislation this year, the timing for such a discussion could not be better.
Last fall we wrote to Canada’s environment minister urging that the government include in its review of fossil fuel subsidies the billions in support it provides to oil and gas companies each year through Export Development Canada (EDC). We have now received confirmation that “EDC has been included as a part of this review.”
Next week a group of indigenous activists from Malaysia, accompanied by the NGO Bruno Manser Fund (BMF), will travel to Canada to call attention to the decades of clear-cut logging that has razed the rainforests of Borneo and allegedly enriched a Malaysian family accused of money laundering through a Canadian company.
At last, communities impacted by Canadian corporations overseas will be heard: government creates human rights watchdog
The Canadian Network on Corporate Accountability is greatly encouraged by the Minister of International Trade’s announcement of the creation of a Canadian Ombudsperson for Responsible Enterprise.