Export Development Canada

Friday, January 10, 2003

A report by the NGO Working Group on the EDC (of which MiningWatch is a member) reveals that a Crown Corporation, Export Development Canada, may be helping to finance a number of projects under development by Canadian companies without the necessary environmental and social due diligence. EDC continues to hide the environmental and social risks of its investments from the public, despite a report from the Auditor-General calling for disclosure and transparency.

Wednesday, August 14, 2002

On May 9-11, Latin American and Canadian social and environmental activists, economists, and academics came together at York University in Toronto to set out a series of challenges for the mining industry and governments alike on the eve of a major industry conference.

Friday, July 20, 2001

In June, International Trade Minister Pierre Pettigrew announced that he intends to introduce amendments to the Export Development Act this fall to give the Export Development Corporation (EDC) new policies on disclosure and environmental review.

Friday, July 20, 2001

As if to prove the direct human rights implications of EDC funding, one of its most outspoken critics, Kimy Pernia Domicó, was abducted at gunpoint by right-wing paramilitaries on June 2. Pernia had visited Canada on several occasions to speak out against the Urrá hydroelectric project that had flooded his people, the Embera-Katío, out of their ancestral lands in north-western Colombia. The project was partially funded by the EDC, like many other projects around the world that have led to appalling human rights abuses (see Reckless Lending for details). Over a month later, there is still no word of Pernia, and no-one has claimed responsibility for his disappearance. Despite letters and appeals from people around the world, including fifty-six Members of Parliament, the Colombian Government has refused to take any action.

Sunday, March 25, 2001

A new report uncovers links between Canadian investment in Colombia and the violence that has cost 35,000 lives since 1990, forced two million to flee their homes and led to the "disappearance" of about 3,000. The report, titled "Profiting from Repression: Canadian Investment in and Trade with Colombia," is written by Asad Ismi and published by "Americas Update" magazine.

Tuesday, May 23, 2000

On May 18, 2000, International Trade Minister Pierre Pettigrew responded to the recommendations of a Parliamentary review of the Export Development Act, which is the Act governing the Export Development Corporation (EDC). According to Pettigrew, "The way the Corporation addresses these issues will be made more transparent to ensure ongoing public confidence in its operations."

The Minister's response states that:

Wednesday, March 1, 2000

A report published by the NGO Working Group on the EDC, part of the Halifax Initiative Coalition. Includes case studies on Placer Dome's Marcopper Mine in the Philippines and the Ok Tedi Copper Mine in Papua New Guinea, partly owned by Inmet.

Tuesday, November 16, 1999

The Export Development Corporation has been brought forcefully to our attention by communities and non-governmental organizations that have to deal with the impact of Canadian mining development abroad. They want to know what role Canadian institutions play in perpetuating the problems they face, and what — if anything — Canadian citizens are doing to support them.

Wednesday, October 27, 1999

The Canadian Export Development Agency (EDC) provides public financing and political risk insurance to Canadian companies investing in large-scale projects overseas. In 1997, EDC worked with 3,711 customers in 145 global markets. It is a federal crown corporation.