Category: News

Candu reactors

(August 18, 2008) EDC has been the source of life support for Candu nuclear exports over the years. It has financed Candu sales to South Korea, Argentina, and Romania.

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Hidroaysen submits plan for Patagonia’s hydroelectric project

(August 15, 2008) Electric Power Congolmerate Hopes to Dam Chile’s Pascua and Baker Rivers Multinational energy congolmerate HidroAysén submitted its environmental impact statement to the Chilean government Thursday morning, outlining its plans to dam the Baker and Pascua Rivers in Chile’s southern Patagonia region. The proposed project includes five massive hydroelectric dams that have come under fierce criticism from environmentalists around the world.

Doug Tompkins: Environmental evaluation system a "farce"

(February 4, 2008) HidroAysen, a joint entity formed by Spanish-Italian electricity giant Endesa and Colbun, a Chilean energy company, plans to build five massive hydroelectric dams along Region XI’s Baker and Pascua Rivers. The Baker River, Chile’s largest, is in fact just a few miles from Tompkins’ Estancia Chacabuco, a massive stretch of pristine steppe land that Tompkins would eventually like to donate to the Chilean government.

PRESS RELEASE Export Development Canada keeps taxpayers in the dark, says Rosen and Associates Limited

(June 14, 2005) A report by one of Canada’s leading forensic accounting firms, Toronto-based Rosen and Associates, criticizes the 2003 annual report of Export Development Canada for not differentiating between commercial and politically-mandated activities. EDC is a crown corporation that in 2003 backstopped $51.9 billion in exports and international investments by Canadian enterprises. The Rosen and Associates study focused on the financial reporting relating to EDC’s loan portfolio.