Vedanta

Vedanta

EDC must act to address misconduct by client Vedanta

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.

2018-08-20T17:23:07+00:0012 July 2018|Tags: , , |

Protestor deaths draw attention to years of misconduct by EDC client Vedanta

Last month 13 people protesting the expansion of a copper smelter owned by Vedanta Limited were shot and killed by police in the Indian state of Tamil Nadu. Vedanta Ltd. is financed by the Canadian government despite being blacklisted on human rights and environmental grounds by many investors.

Is EDC ready to run Canada’s new development finance institute?

Earlier this year, Export Development Canada (EDC) was tasked with running Canada’s new Development Finance Institute. In its new role financing private investment for the purposes of poverty alleviation and sustainable development, EDC will need to adopt robust due diligence practices to ensure the investments it supports respect human rights and the environment.