For pdf, click here.
Export Development Canada (EDC), a Crown Corporation mandated to promote Canadian trade abroad, has developed policies on the environment, disclosure, human rights and corruption that still fall far short of ensuring appropriate due diligence and public accountability.
For pdf, click here
Accountability is the cornerstone of democratic governance. Yet Export Development Canada (EDC), a Crown Corporation mandated to promote Canadian trade abroad, is still relatively unaccountable for the potentially environmentally devastating projects they finance.
Advisor to the Executive Director for Canada
1818 H street, N.W.
Washington, D.C. 20433
16 July, 1999
Dear Mr. Page;,
Please thank Ms. O"Leary for forwarding to us the Draft Final Report on the Fuel for Thought: Environmental Strategy for the Energy Sector and the Proposal to Establish a Prototype Carbon Fund. We appreciate their provision in order to enable us to provide more relevant input to the Board discussion on July 20th. As you know, the Bank did not share your commitment to transparency. The Bank decision not to release the Strategy publicly is, as you can imagine, a great disappointment to all of us who have been engaged in consultations on this Strategy over the past year. We would appreciate if Canada can express its concern that the Strategy was not publicly released prior to the Board meeting.
An international consortium consisting of Exxon, Shell and Elf, a French company, is sponsoring the project. The project includes the drilling of 300 wells in the Doba oilfields of southern Chad, the construction of a 1050 km long, 30 m wide buried pipeline through to an offshore marine export terminal facility 15 km off the coast of Cameroon.
The consequences of the World Bank's fossil fuel expansion in the global South are proving devastating for the Earth's climate as greenhouse gases generated in mining and burning of fossil fuels are released into the Earth's atmosphere.