Category: Export Credit

EDC Legislation (Chapter E-20)

(August 18, 2008) All spin and no substance: Chapter E-20, the Export Development Act R.S. 1985, c. E20 (formerly Bill C-31) is a devious amendment to convince the public that EDC is doing something to protect the environment while, in fact, EDC is frustrating efforts to stop its environmentally damaging activities. Furthermore, this law prevents any references to the Export Development Corporation on pain of jail or a hefty fine. It needlessly curtails free speech.

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.