Compliance Officer (9) Environment Audit- June 15, 2004

June 15, 2004

Mr. Fraser Reilly-King
Halifax Initiative
153 Chapel Street, Suite 104
Ottawa ON KIN 1H5

Re: Compliance program file number 2236-4-1-2003

Dear Mr. Reilly-King:

This letter is a follow-up to my letter of May 7, 2004 and should serve as the conclusion of the Halifax Initiative complaint.

Your letter of complaint dated July 28, 2003 regarding the Cernavoda 2 nuclear power plant transaction came within EDC's compliance program. It was accepted and followed the compliance program process. A recommendation that a compliance audit be conducted was made to EDC Executive Management (Management) in October of 2003.

Management accepted the recommendation and the work was divided into two parts.

Press Release - Monday, March 26, 2007

Civil Society and Industry Representatives Agree on Good Overseas Practices

What: Groundbreaking Report on Canadian Mining, Oil and Gas Companies Released

Who:
Tony Andrews – Executive Director, Prospectors and Developers Association of Canada
Gerry Barr – President-CEO, Canadian Council for International Co-operation
Catherine Coumans – Research Coordinator, MiningWatch Canada
Gordon Peeling – President-CEO, Mining Association of Canada

When: Thursday, March 29th at 10.00 am

Where: Charles Lynch Room, Centre Block, Parliament Hill

The final report from the National Roundtables on Corporate Social Responsibility and the Canadian Extractive Industry in Developing Countries will be released at a press conference on Thursday, March 29 at 10:00 am.

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.

Pages