Category: By Probe International

EDC is buying off its opponents public-private collusion to create export cartel

(November 18, 1999) In 1993, the federal government greatly expanded the powers of the Export Development Corp. by allowing it to move into the private sector’s turf and finance Canadian firms’ activity in Canada. As a sop to the banking and insurance industries, which cried foul upon learning that they would soon face unfair competition from this Crown corporation, the government promised to review the new EDC legislation five years hence. That review, conducted by the law firm of Gowling Strathy & Henderson and now before the standing committee on foreign affairs and international trade, fails utterly to address EDC’s fundamental problems.

What Thai citizens should know about Canada’s nuclear power program

(February 1, 1999) Atomic Energy of Canada Limited (AECL) wants to sell a CANDU (Canadian Deuterium Uranium) reactor to Thailand. Atomic Energy of Canada Limited has not had a single order for a CANDU reactor in Canada since 1982, but in the last decade, AECL has sold four reactors to South Korea, two to China, and two to Romania. Now it is hoping for additional sales to these countries, as well as to Indonesia, the Philippines, Thailand, Turkey, and Vietnam. AECL’s sales are taxpayer financed through the Export Development Corporation, a federal Crown corporation.