Our brief to the parliamentary committees studying Ottawa's COVID-19 economic response highlights the role of Canada's export bank in bailing out fossil fuel producers, and makes recommendations to align the government's response with its climate commitments.
Export Development Canada
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.
Ottawa is bailing out fossil fuel producers. Will Canadians be given a full accounting of the costs?
Wealthy nations are called upon to ramp up their climate action plans in 2020. Instead, they’re bolstering the very industries that must be phased out to avert disastrous climate breakdown.
Human rights advocates are denouncing the Canadian government’s financial support for a disastrous hydroelectric project in Colombia, as a leader from one of the affected communities arrives in Ottawa to meet today with officials at Export Development Canada (EDC) and Global Affairs Canada.
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.