Policy and Government Relations
Export Development Canada (EDC)
151 O'Connor Street
Export Development Canada
March 29, 2005
The Honourable James Peterson
Minister of International Trade
125 Sussex Drive
Tower B, 5th Floor
Ottawa, ON K1A 0G2
R.e.: Disclosure of information at Export Development Canada
Dear Mr. Peterson
I am writing you on behalf of the Halifax Initiative Coalition, a Coalition of development, environment, faith-based, human rights and labour groups, regarding Export Development Canada’s (EDC) disclosure policy.
Commercial Confidentiality Needlessly Trumps Transparency at Crown Corp, Report Finds
Ottawa, March 29, 2005 'Export Development Canada (EDC) can play a more proactive role in shedding light on key environmental information for the projects it supports, while still balancing company demands for confidentiality, argues a new report by Sierra Legal Defense Fund. The report lays out a framework for enhancing access to information within the financial institution.
We need your help to make Export Development Canada (EDC) more transparent!!
CALL TO ACTION
EDC continues to withhold key environmental information about the projects it supports, citing reasons of commercial confidentiality. When it does disclose information prior to supporting a project, this can be from one day to two weeks prior to signing the cheque.
Report Card Flunks Crown Corp on Transparency
Ottawa, October 25, 2004 – A Canadian coalition of groups hammered Export Development Canada (EDC) for poor transparency on the most controversial and risky projects it funds, the day before the Auditor General is set to release a report on the environmental and disclosure policies of the crown corporation.
“Three years ago the Auditor General identified public consultation and disclosure of environmental information as being essential to a credible review process”, said Fraser Reilly-King, Coordinator of the NGO Working Group on EDC, the coalition that released the report.
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.
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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.
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Corruption has become a focus of national and international concern. Yet Export Development Canada (EDC), a Crown Corporation mandated to promote Canadian trade abroad, has anti-corruption procedures that despite recent improvement, still contain considerable loopholes, meaning that Canadian companies paying bribes abroad are unlikely to be detected and then properly sanctioned.