Press Release - Tuesday, April 3, 2001

EXPORT DEVELOPMENT CORPORATION TRADE FINANCING
130,000 Canadians sign letters addressed to Minister Pettigrew calling for tighter regulation of the Export Development Corporation
For immediate release
(Ottawa, April 3, 2001) – Representatives of indigenous peoples in Chile and Colombia are in Ottawa to speak about the devastating impacts of Export Development Corporation (EDC) trade-financing.  

Press Responses: May 29, 2007

Churches push for industry ethics rules
Canadians often 'the bad guys' in overseas mining operations
 
Kelly Patterson
The Ottawa Citizen

Tuesday, May 29, 2007

Some of Canada's most powerful church leaders are demanding the government take action to ensure Canadian mining and oil firms behave ethically in their overseas operations.

"This is a fundamental ethical issue," says Roger Ebacher, archbishop of Gatineau.

Press Release - Monday, December 3, 2001

PRESS RELEASE- ECA-Watch Campaign
December 03, 2001
Another one bites the dust :
OECD negotiations break down again
For the second time in three years, major international negotiations have broken down at the OECD. Then, it was the Multilateral Agreement on Investment, the “MAI”. This time, it is an attempt at negotiating common environmental guidelines for export credit agencies (ECAs), the world’s largest official financiers of environmentally and socially destructive projects in developing countries.

CSOs: Oyu Tolgoi non-compliant with IFC Performance Standards

Oyu Tolgoi is an enormous copper and gold deposit in Mongolia. The project is jointly owned by Canadian company Turquoise Hill Resources and a state owned enterprise. According to the International Finance Corporation (IFC), estimated project cost is $12 billion. Project proponents seek financing from Export Development Canada, the IFC, the European Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, among others. In this document, CSOs argue that the project does not comply with the IFC Performance Standards and provide a series of recommendations.

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