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.
Export Development Act
In this submission to the federal government, we call on Ottawa to reform 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.
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.