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.
In this report, we examine reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard. The recommendations are informed by leading anti-corruption policies and guidance documents from other export credit agencies, international financial organizations and the private sector.
This report by Above Ground and Justiça Global documents human rights abuse tied to the expansion of the Morro do Ouro mine in Brazil by a subsidiary of Kinross Gold, a Canadian company financed by the government of Canada.
Since 2000, Canada has maintained a National Contact Point (NCP) responsible for promoting multinational companies’ adherence to guidelines for responsible business conduct developed by the Organisation for Economic Co-operation and Development (OECD). This report assesses the NCP’s performance to date, particularly with regard to harm prevention and access to remedy.
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