Financial Transaction Tax feasible, says report

The corporate responsibilty to respect human rights
Detractors of Private Member’s Bill C-300 (IU February 2009) draw attention to the bill’s treatment of human rights. The bill establishes guidelines for Canadian extractive companies that operate overseas. These guidelines must be met by companies that receive support from Export Development Canada, the Canadian Pension Plan and Canadian embassies. The guidelines are to include provisions based on Canada's international human rights obligations.

Brussels, 26 March 2010

Mr. Steve Tvardik
Head, Export Credits
Organization for Economic Cooperation and Development
Paris, France

Dear Mr. Tvardik,

Thank you for the opportunity to provide comments on the on-going review of the Sector Understanding on Export Credits for Renewable Energies and Water Projects (Sector Understanding) by the Participants to the Arrangement on Officially Supported Export Credits (Participants).

We have outlined our comments starting with our overall concern about ECA financing of fossil fuels and then following this up with specific inputs to sections of the Sector Understanding. It ends with a short conclusion bringing together the main issues to concentrate on.

Overall Issue: The need to end fossil fuel financing

Julian Paisey
OECD, Export Credit Division, Trade Directorate
2, rue André-Pascal
Paris Cedex 16 - France
Brussels, 12 January 2010.

Dear Julian,

Further to your letter of December 2009, you will find below the elements that ECA-Watch and Amnesty International would like to see addressed and revised in the review of the 2007 Revised Council Recommendation on Common Approaches on the Environment and Officially Supported Export Credits (Common Approaches). We believe that the 2010 Common Approaches Review must consider these issues in order to improve ECA standards and practices and to meet the objectives set out in the Recommendation.