EDC

Letter to Trade Minister Re: EDC - May 19, 2000

May 19, 2000

The Honourable Pierre Pettigrew
Minister for International Trade

Dear Minister Pettigrew:

The federal government is considering whether changes should be made in the way that the Export Development Corporation (EDC) operates, a Canadian taxpayer-supported agency, assists Canadian business interests abroad. The choices that the federal government makes about how EDC operates will have significant social and environmental consequences.

As a Crown corporation, EDC pays no taxes, enjoys limited liability, and its credit is backed by the Canadian government. Yet it operates largely in secret. Unlike other government agencies, EDC is not subject to the Access to Information Act, and it keeps the projects it funds a secret. It has no binding standards requiring its projects to adhere to well-accepted social, environmental, labour or human rights standards.

Press Responses : Friday, May 19, 2000

Liberals plan watchdog for EDC: Ombudsman would try to keep
controversial Crown corporation `accountable'

PUBLICATION The Ottawa Citizen
DATE Fri 19 May 2000 
EDITION FINAL
SECTION/CATEGORY News
PAGE NUMBER A1/Front
BYLINE Jack Aubry 
STORY LENGTH 733

The government is looking at establishing an ombudsman for the Export Development Corporation as part of an effort to improve the much-criticized Crown corporation's ``accountability, compliance and access to information.''

NGO WORKING GROUP ON EDC (November 1999): Canada's Export Development Corporation - Financing Disaster

In 1999, Amnesty International raised alarms about the killing of four indigenous people protesting a hydroelectric dam in Colombia that has devastated their food source and, if completed, would flood most of their land.

In 1998, an accident at a mine in Kyrgystan resulted in two tons of cyanide entering a river. A lack of an emergency response plan worsened the disaster, leaving two people dead and over 600 hospitalized.

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