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.
Canadian aerospace giant Bombardier accused by South Korean prosecutors of making gifts to local officials in relation to a multibillion dollar metro elevated train project described as “more like a bus” in reality, a bus expected to cost Yongin taxpayers $3.5 billion over the next 30 years, including maintenance. CBC reports.
(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.
(February 13, 2013) EDC environmental decisions virtually immune from judicial review. Crown corporation sets standards and can exempt projects on its own say so.
(July 4, 2012) Chile’s HidroAysén mega-dam scheme is suddenly on hold as one of the owners of the controversial dam scheme suspends its support for the risky project.
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.
(May 10, 2011) Activists fear ecological haven will be destroyed but government says project is vital for economic growth
(May 10, 2011) Dam projects are drawing increased criticism in South America, which boasts three of the world’s four biggest hydroelectric dam complexes. Chile is pushing forward with a $7 billion dam project.
(May 9, 2011) The HidroAysen dam project in Patagonia is awaiting government signoff.
(January 23, 2011) It was touch-and-go for Export Development Canada last October when Bill C-300, which would have cut off EDC funding of Canadian mining companies that violate human and environmental rights in Third World countries, was narrowly defeated in the House of Commons.
(November 8, 2010) International environment groups continue to protest against plans to build dams in Chilean Patagonia.
(June 8, 2010) This past Saturday, June 5, colleagues in Chile marked the annual International Day for the Environment (el Día Internacional del Medioambiente) with a nationwide day of action.
(January 25, 2010) With its glacier-carved peaks and fjords, southern Chile remains one of the wildest places on Earth. But that could soon change.
(December 12, 2009) Twenty-three hundred kilometres of transmission lines, to be built by Transelec Chile SA (investors include the CPP Investment Board, the British Columbia Investment Management Corp. and Toronto conglomerate Brookfield Asset Management Inc.), would require the world’s longest clear-cut up through the heart of Patagonia’s untouched temperate forests.