In this letter to The Hill Times, we question Export Development Canada's claim that it's improving the social performance of companies it supports by “leveraging its financial relationship,” and call for legal reforms to ensure accountability.
Export Development Act
Canada's Export Development Act is under review. In this submission to the government, Above Ground and civil society groups from across Canada call for legal reforms to bolster the accountability and transparency of Export Development Canada.
In this submission to the federal government, we call for reforms to the Export Development Act to prohibit Export Development Canada from supporting fossil fuel companies and projects.
Above Ground and sixteen other civil society groups are calling for improvements in accountability and transparency at Export Development Canada as the government reviews the agency’s governing legislation.
In May, 120,000 people in northwestern Colombia were endangered by the potential collapse of a hydroelectric dam being developed by Empresas Públicas de Medellín (EPM), a client of Canada’s export credit agency. EPM is currently under investigation for possible corruption and environmental damage linked to the project.
Last month 13 people protesting the expansion of a copper smelter owned by Vedanta Limited were shot and killed by police in the Indian state of Tamil Nadu. Vedanta Ltd. is financed by the Canadian government despite being blacklisted on human rights and environmental grounds by many investors.