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.
Export Development Canada has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. But its transparency could use some work. Patricia Adams of Probe International shares her experience with EDC “disclosure”.
(November 5, 2013) The alleged “culture of corruption” by SNC-Lavalin and others was encouraged by the government’s willingness to turn a blind eye.
(October 23, 2013) Don’t count on any government in Canada to hold SNC-Lavalin’s feet to the fire. Blinders on and taxpayers’ cash in hand, they’re willing to reward allegations of corruption with big, fat contracts, says Huffington Post’s Daniel Tencer.
(August 3, 2013) A little-known Crown corporation is doing what it can to help corruption-plagued SNC-Lavalin get a lucrative contract in Trinidad and Tobago.
(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.
(February 13, 2013) EDC environmental decisions virtually immune from judicial review. Crown corporation sets standards and can exempt projects on its own say so.
(January 28, 2013) India’s Central Bureau of Investigation (CBI) told its special court last month that two of the accused in the notorious SNC-Lavalin hydro-dam graft case were “interfering” with the court’s decision to secure the presence of Klaus Triendl, the former vice-president of Canadian engineering giant SNC-Lavalin and the sixth accused in the case. The two accused in question had requested the charge sheet be divided in order to facilitate the speedy trial of those who had already answered the summons of the court in connection with the case. The court has since dismissed their plea, however, saying there was no reason to think that the presence of Triendl could not be obtained within a reasonable time and set April 24, 2013 as the new date to hear the corruption case.
(January 7, 2013) Canada’s Access to Information Act perversely gives Export Development Canada (EDC) the legal power to keep records of its operations secret, charges Probe International. In its submission to the Office of the Information Commissioner’s review of Canada’s 30-year-old Access to Information Act, Probe International declares it is time to reform the Act and remove EDC’s extraordinary privileges.
(November 5, 2003) EDC will not bar Canadian company Acres International, recently convicted of corruption charges in the Lesotho Highlands Water project, from future contracts.
(October 31, 2003) Measures and safeguards, as well as EDC’s normal business considerations and application of its Anti-Corruption Program, help to ensure that future business for which Acres might seek our support is not tainted by corruption.
(August 21, 2003) EDC needs be proactive in weeding out bribe-givers from its list of clients.