Canada: Civil society groups call for reform to Export Development Act to align with Paris Agreement & increase accountability of EDC
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Author: Above Ground, Amnesty Intl. Canada & 15 other civil society organisations
Canada’s Export Development Act is under review. In this submission to the government, Above Ground and other civil society groups call for legal reforms to bolster the accountability and transparency of Export Development Canada (EDC). EDC’s policies state that it screens and monitors the business it supports for associated social, environmental and business ethics risks. Yet over the years we have identified multiple companies that receive support from EDC despite credible or proven allegations involving environmental damage, corruption and human rights violations... The Export Development Act is silent on human rights and corruption, and does not provide meaningful oversight relating to the environment. Nor does it subject the agency to effective accountability measures in relation to these matters... [W]e urge Parliament to adopt legislative reforms that include prohibiting EDC from supporting firms involved in wrongdoing, subjecting it to judicial oversight and expanding the Auditor General’s mandate regarding EDC.
Author: Above Ground, Climate Action Network Canada & 10 other civil society organisations
Canada’s export credit agency, Export Development Canada (EDC), continues to provide roughly $10 billion a year in financing to oil and gas companies... EDC claims to be working to “tackle climate change.” But the legislation governing EDC, which is currently under review, imposes no obligations on the agency regarding Canada’s international climate commitments. In this submission to the federal government, we call on Ottawa to reform the Export Development Act to align it with Canada’s commitments under the Paris Agreement. This means prohibiting EDC from supporting fossil fuel companies and projects, including those to develop or expand infrastructure for the transport or consumption of oil, gas and coal.