Critics warn of an “enormous transparency gap” surrounding tens of billions of dollars in emergency aid given to businesses during the pandemic. To close that gap, legislation that hinders full public disclosure should be amended.
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.
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.
Canada’s export bank has provided billions to companies mired in corruption scandals around the world.
From Bahrain to Brazil, business facilitated by Export Development Canada is putting people’s rights at risk.
Export Development Canada talks green while investing billions in harmful industrial activities.
It’s time to make Canada’s export credit agency transparent and accountable for its impacts on people and the planet. In this report we delve into the agency’s support for harmful business activities around the globe, and show how Ottawa could fix its governing legislation.
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.