Canada has become the second-largest public financier of fossil fuels in the G20 due to the business carried out by its export bank. New research commissioned by Above Ground and Oil Change International identifies policy and legal reforms needed to reverse the trend and redirect the bank's resources into low-carbon solutions.
Reports and Case Studies
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.
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.
An expert report commissioned by Above Ground confirms that locals near the Morro do Ouro mine are exposed to dangerous concentrations of environmental arsenic.