Communities devastated by the Hidroituango dam in Colombia continue to seek accountability from the Canadian government, which financed the project through its export bank. In this letter, we ask the trade minister to ensure that the bank makes reparations and no longer supports such damaging projects.
Export Development Act
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.
Last week EDC announced that a review of its support for an SNC-Lavalin project in Angola cleared its staff of any wrongdoing. Yet the review process raises more questions than it answers.
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.
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.