In 2012, Export Development Canada provided Eldorado Gold with between $25 and $50 million in financing despite credible concerns regarding the serious environmental and social impacts of its operations in Greece.
Export Credit Agencies
The UN Working Group on Business and Human Rights held its first forum on December 4 and 5 in Geneva. The Halifax Initiative spoke at the forum on a panel concerning public financial institutions and human rights. ECA-Watch, CIEL and BankTrack disseminated the attached document at the forum containing analysis and recommendations regarding financial institutons and human rights.
This month we examine 'odious investment' - Mongolia Undermined; (Mis)Investment in Agriculture; More than Bricks and Mortar; and the Canada Pension Plan Investment Board.
The debt edition featuring articles on the re-emerging debt crisis, odious debt, debt distress assessments, export credit agencies and soveriegn debt work-out procedures.
Statement by the Halifax Initiative, the Latin American Observatory of Environmental Conflicts and MiningWatch Canada concerning Barrick Gold's disasterous second quarter results and its 'star' project, Pascua Lama.
Climate finance: the World Bank, Export Development Canada and the Canadian government. Plus Rio+20 postmortem.
Article prepared for the 'Global Capital, Global Rights' workshop convened by SFU and UBC. The text discusses civil society efforts in support of Bill C-300, legislation that sought to create accountability mechanisms regarding the provision of government support to Canadian extractive companies that operate overseas.
Energy poverty, climate change and the World Bank; Durban postmortem.