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.
Ex-Im is one of dozens of corporate welfare programs that should end. The Overseas Private Investment Corporation (OPIC), like Ex-Im, hurts domestic competitors, privileges big lenders and is also known to fund questionable projects. Reason.com reports.
Media sources in India are following the Canadian government’s investigation of SNC-Lavalin with great interest.
(March 10, 2014) Export Development Canada says it needs nearly a year to sort through a mountain of documents regarding its involvement in Libya.
(August 28, 2013) Proposed changes to regulations governing Export Development Canada don’t go far enough.
(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.
(December 8, 2011) The Asia Pacific Foundation of Canada held an online conversation on the question: is there a “best way” for Canada to promote human rights in Asia? Patricia Adams of Probe International says that there is: by “getting its own house in order and ensuring that Canada does not aid and abet abuses abroad.”
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 12, 2011) Re: “Greening Harper,” Lawrence Solomon, May 7
(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.
(October 28, 2010) Last night Canadian lawmakers defeated legislation that would hold mining companies accountable to taxpayers—who subsidize their investments through the Export Development Corporation—and citizens in the developing world on the front line of such investments. Read the story from the Globe and Mail below.
(October 26, 2010) Industry wants carte blanche use of taxpayers’ funds, writes Patricia Adams in the Financial Post.
(October 18, 2010) Probe International’s Executive Director, Patricia Adams, discusses the upcoming third reading of Bill C-300, which would hold Canadian mining companies accountable for their environmental and human rights abuses.
(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.