Export Development Canada

MEDIA CONTACT

Karen Hamilton, director
khamilton@aboveground.ngo
1 (438) 992-5163

Export Development Canada

Questions remain over Canada’s phase-out of overseas fossil fuel finance

Above Ground has written to Export Development Canada and International Trade Minister Mary Ng to seek clarification regarding the government’s new guidelines for implementing the Glasgow Statement. The statement, signed by dozens of countries at the 2021 UN climate talks, commits signatories to ending direct financing for the overseas fossil fuel sector.

Canada delivers on climate promise, takes significant step towards ending public fossil finance

Today the Government of Canada released a plan to end new public finance for fossil fuels abroad and instead prioritize clean energy projects. The policy, which comes into effect on January 1, 2023, marks a critical first step towards eliminating Canada’s massive levels of support for oil and gas and aligning federal support with a climate-safe future.

No plan in sight as deadline to end Canada’s international fossil finance nears

At last year’s UN climate conference in Glasgow, Canada joined dozens of countries in pledging to end its international public finance for fossil fuels by the end of 2022. With mere weeks remaining before the deadline, however, the government has yet to release its plan for implementing the commitment.

Export Development Canada must account for its climate impacts

With the trade minister currently preparing her annual statement outlining Ottawa's policy expectations for Export Development Canada, Above Ground has sent her the following letter urging the government to place the highest priority on making this Crown corporation accountable for its global climate impacts.

After Hidroituango disaster, EDC talks remedy but fails to provide it

Problems in the construction of a hydroelectric dam financed in part by Canada led to a flooding disaster in northwestern Colombia in 2018, forcing the evacuation of tens of thousands of people. Four years later, locals are still suffering the consequences, with no remedy from Canada in sight.