due diligence

due diligence

EDC’s response to alleged abuse in Colombian oilfields highlights deficits in due diligence

Our latest correspondence with Export Development Canada (EDC) about human rights violations associated with the operations of EDC clients Pacific Exploration & Production and Ecopetrol highlights our longstanding concerns about the adequacy and transparency of the agency's due diligence practices.

From dialogue to accountability: A call for Canadian leadership on business and human rights

In this article published on the Business and Human Rights Resource Centre blog, Above Ground director Karyn Keenan discusses key steps Canada could take to become a leader in global efforts to prevent corporate abuse and ensure access to justice.

Don’t bankroll the next foreign mine disaster

Last November’s massive mine spill in the state of Minas Gerais was Brazil's worst environmental disaster. Export Development Canada provided one of the mine's joint venture owners, Brazilian multinational Vale, with hundreds of millions of dollars in financing for its global operations. Canadians shouldn't bankroll the next foreign mine disaster, argues Above Ground's director in an opinion piece published today in Embassy.

2018-04-02T23:03:39-04:0012 January 2016|Tags: , , , |

Further correspondence with EDC regarding its clients under investigation for corruption

Several corporations financed by Export Development Canada are currently being investigated for corruption by U.S. government authorities. In correspondence with EDC, we seek clarity on how this public agency prevents corrupt practices and what steps it takes when clients are investigated for corruption. This letter responds to correspondence received from EDC.