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.
(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 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.
(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.
(February 1, 2003) Is EDC making the world a worse place? There’s no way for ordinary Canadians to make an informed judgment because the Crown corporation simply doesn’t reveal enough information.
(June 8, 2001) The Access to Information Act should apply to the Export Development Corporation – Montreal’s M‚tro newspaper quotes Probe International.
(June 1, 2001) Probe International argues that the Canadian government’s growing predilection for secrecy is alarming. Probe recommends that the disclosure of information on public interest grounds should prevail over corporate interests.
(May 22, 2001) The Export Development Corporation has made a stunning reversal in its disclosure policy, mostly in response to pressure from non-governmental organizations and the media.
(May 15, 2001) Auditor General of Canada says that EDC needs to address gaps in its environmental review process and to be more open with the public, particularly concerning environmentally risky projects.
(May 15, 2001) In an effort to counter a damning report expected to be handed down today, the federal government’s export-development agency is planning to open its books to public scrutiny for the first time in its 32-year history.
(May 25, 2000) Patricia Adams’ controversial National Post article examines the EDC.
(May 15, 2000) Canadian policy-makers have a curious tendency to think hybrid public-private organizations offer the best of all possible worlds: the efficiency of the private sector and the financial muscle of government working smoothly to further the public interest.
(May 14, 2000) The U.S. Export-Import Bank posts details of its transactions on behalf of American companies on the Web for the entire world to see. Its Canadian counterpart, however, conducts its business behind closed doors.