NGO WORKING GROUP ON EDC (February 2000) : Backgrounder on EDC and the Environment

Prepared by the NGO Working Group on the Export Development Corporation, a project of the Halifax Initiative

The Canadian Export Development Corporation (EDC) is the main source of publicly supported export financing in Canada, designed to complement the private financial sector wherever possible. A federal Crown corporation, EDC provides Canadian exporters with financing products to help their customers, and with commercial and political risk insurance, particularly for higher-risk and emerging markets. In 1998, EDC worked with 4,183 customers in 200 countries, helping Canadian companies to generate nearly $35 billion in sales and foreign investments.

Press Responses: December 7, 2007

CANADA: Gov't Urged to Rein in Mining Sector
http://www.ipsnews.net/news.asp?idnews=40353

by Am Johal, IPS News
December 7th, 2007

Canadian mining companies continue to come under scrutiny from civil society organisations for international human rights violations and environmental damage that critics say the Canadian government has done little to check.

Canada is a leader in the global mining industry, with almost 60 percent of the world's listed exploration and mining companies. The government supports some foreign mining activity through Export Development Canada, a federal agency.

Race to the Bottom, Take II (September 2003)

Race to the Bottom IIClick here for pdf

Significantly destructive projects that violate host country law, international environmental standards and international human rights and labor laws continue to be considered and supported by ECAs. "Race to the Bottom, Take II: An Assessment of Sustainable Development Achievements of ECA-Supported Projects Two Years After OECD Common Approaches Rev 6" presents a civil society proposal for reforming the OECD Common Approaches on Environment and supports the proposal with nine case studies of ECA-backed projects from all over the world.

The projects include the Aracruz Pulp and Paper Factory in Brazil, the BTC pipeline in Azerbaijan, Georgia and Turkey, the Bujagili dam in Uganda, the Camisea oil and gas project in Peru, the Cernavoda 2 Nuclear Reactor in Romania, the Sakhalin II oil and gas project in the Russian Far East, the Sepon Gold and Copper mine in Lao, the Tehri dam in India.

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