In this submission to the federal government, we call on Ottawa to reform the Export Development Act to prohibit Export Development Canada from supporting fossil fuel companies and projects.
Export Development Canada
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.
Canada's export credit agency is reviewing its environmental and social risk management policies. Given the agency's repeated support for companies facing credible allegations of human rights abuse, environmental damage or other serious harms, such a review is long overdue.
Even as it claims to be working to “tackle climate change,” Canada's export credit agency continues to provide roughly 10 billion dollars in support to fossil fuel companies each year.
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.
In May Indian police shot and killed 13 people who were protesting pollution from a copper smelter owned by Vedanta Ltd, a client of Export Development Canada (EDC). In this letter, we seek answers from EDC's President and Chief Executive Officer regarding the actions taken by the public agency to respond to the shootings and the harms caused by its client's operations.