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.

Letter to EDC Acting President Re: INCO - October 20, 2004

October 20, 2004

Mr. Gilles Ross
Acting President and CEO
Export Development Canada
151 O’Connor Street
Ottawa, ON  K1A 1K3

Dear Mr. Ross,

We recognize the changes that EDC has made over the past few years to enhance transparency, increase consultation and ensure internal compliance.

It is in this context of openness that we are writing to inquire whether you are considering providing any sort of loan, insurance, guarantee or other form of financial assistance for the troubled Inco Goro Nickel mine in New Caledonia, a project which would appear to violate EDC’s environmental guidelines.

Press Release: March 26, 2009

Government Squanders Opportunity to Hold Extractive Companies to Account
(Ottawa- March 26, 2009) Today’s government announcement on Corporate Social Responsibility (CSR) has squandered the important consensus reached by industry and civil society organizations on how to ensure that the overseas operations of Canadian extractive companies adhere to international environmental and human rights standards. Almost two years ago, the multi-stakeholder Advisory Group to the National Roundtables on CSR in the Extractive Sector submitted its consensus report to the Canadian government. Today’s long-awaited response ignores the report’s central recommendations.

Press Responses: June 14, 2006

EMBASSY REPORT
By Jonathan Montpetit

Ottawa Pressured to Crackdown on Canada's International Bad Boys

Extractive firms behaving well in the community where they do business isn?t just an exercise in public relations. It can have a lasting effect on their bottom line when acts of vigilante justice draw attention to abuses and consumers take notice.
Last December, a medical facility in northern Ecuador owned by a Canadian mining company was torched, literally sending more than $20,000 worth of equipment up in smoke.

Op-Ed: June 28, 2007

http://www.thestar.com/comment/article/230187

Canada's Responsibility
by Gerry Barr, President-CEO Canadian Council for International Co-operation
June 28, 2007
PM sees payoff in adding Americas to foreign agenda

Prime Minister Stephen Harper has decided Canada should "re-engage" with the Americas, and in July he's visiting four states in the region to start up his new foreign policy direction. In a world where the majority of the population lives in underdevelopment, Harper rightly says of the Americas, "We also have countries that have development challenges." But will Canada lessen those challenges or add to them?

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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