abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

12 Nov 2018

Author:
Above Ground, Climate Action Network Canada & 10 other civil society organisations

Ottawa must end fossil fuel financing at Export Development Canada

See all tags

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.