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.
Export Development Act
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.
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.