In its submission to Ottawa’s 2018 Legislative Review of the Export Development Act, Probe International calls for a repeal of the Act and the privatization of Export Development Canada (EDC). Probe argues the federal government’s export-financing agency shares many of the same characteristics as China’s controversial state-owned enterprises (SOEs), characteristics that ensure market distortion and stunt private development.
Activists call the agency “essentially self-governing” in the areas of environment, human rights and anti-corruption.
Patricia Adams: There’s no evidence that deferred prosecution agreements enhance anything other than agency budgets.
Deferred prosecution agreements (DPAs) make a mockery of the criminal justice system. Join Probe International as we get to the root of this problem at our final Grounds for Thought discussion night of the year: Tuesday, November 28 @8PM.
Deferred prosecution agreements that let companies pay fines for wrongdoing could backfire by encouraging repeat criminality. Probe International’s Patricia Adams for the National Post.
DPAs were virtually unheard of in business settings prior to 2004, but their growing popularity in the U.S. is now being felt in Canada with SNC-Lavalin lobbying the Liberal government to have its fate determined by a DPA, rather than the criminal trial the Harper government pursued.
Ex-Im is one of dozens of corporate welfare programs that should end. The Overseas Private Investment Corporation (OPIC), like Ex-Im, hurts domestic competitors, privileges big lenders and is also known to fund questionable projects. Reason.com reports.
(April 16, 2014) Working Canadians are placing a bet on the Chinese real estate market thanks to the Canada Pension Plan Investment Board that invests their obligatory pension contributions globally.
(March 10, 2014) Export Development Canada says it needs nearly a year to sort through a mountain of documents regarding its involvement in Libya.
(September 7, 2013) Bangladesh plans to have a anti-corruption official attend the Canadian pre-trial for two former SNC-Lavalin employees charged with corruption in relation to a $1.2-billion Bangladeshi bridge project. Canadian evidence needed to close Bangladesh case.
(April 21, 2013) The strong earthquake that struck China’s mountainous Sichuan province Saturday morning may have been an aftershock, says prominent Chinese geologist, Fan Xiao. The accumulation of stress had not yet been fully released, making this region a more dangerous area after the May 2008 Wenchuan earthquake.
(March 15, 2013) A vice-president from SNC-Lavalin, Canada’s largest engineering company, admitted yesterday before Quebec’s Charbonneau inquiry into corruption in public-works contracts, that it organized its employees to make more than $1 million in illegal political donations. While there was no direct link between the donations and a quarter-billion dollars in contracts the firm was awarded by the provincial government, Yves Cadotte insisted, the company did not want to take any chances.
(January 5, 2012) Yang Yong on the future of river management in China and the issues currently facing the country’s more controversial dam projects.
(December 8, 2011) The Asia Pacific Foundation of Canada held an online conversation on the question: is there a “best way” for Canada to promote human rights in Asia? Patricia Adams of Probe International says that there is: by “getting its own house in order and ensuring that Canada does not aid and abet abuses abroad.”
EDC releases internal documents to Probe International under Access to Information, but reveals little: UPDATE
(February 27, 2009) Heavily censored data keeps tight lip on Canadian investments in Chile.