(October 25, 2002) The National Post writes: Export Development Canada has hung like an albatross around the neck of the Canadian taxpayer for far too long. It must stop making new loans, wind down its operations and then shutter itself for good.
Letter to the Editor
(October 21, 2002) Recent articles ignore EDC’s financial performance, ability to manage risks, fact that EDC is fully accountable to Parliament, EDC’s track record of consistent profitability, and contribution to Canada’s economy, writes EDC CEO Ian Gillespie.
EDC says it can cover its loan risks
(October 19, 2002) EDC has recently faced criticism that the Crown corporation may have too many eggs in too few baskets by weighting its lending so heavily in tech and aerospace.
EDC exposure to Nortel, Bombardier draws fire
(October 19, 2002) No private-sector financial institution would be allowed to carry the exposure to a limited number of industry sectors that Export Development Canada does, financial analysts said yesterday.
EDC lends billions to clients of two firms
(October 18, 2002) Former leader’s warning: Bombardier, Nortel customers dominate.
EDC helps make Bombardier fly
(October 18, 2002) Loans to aircraft maker, Nortel distort their sectors.
EDC doles out cash as corporate backstop
(October 18, 2002) Money-making body.
Letter to Pierre Pettigrew about Bill C-31, amending the EDC Act
(September 17, 2002) In a thousand quiet and unknown ways, speech is stifled.
World Bank to examine Pehuenche criticisms
(September 2, 2002) Envoys to investigate Ralco dam project. EDC provided Quebec’s ABB Alstom with US$17-million in financing for generating equipment.
Romanians want western help for second CANDU
(August 30, 2002) Export Development Canada (EDC) is negotiating with France’s Société Générale, a private bank, over support for the Cernavoda 2 nuclear plant in Romania.
Fatality at troubled Kumtor Gold Mine
(July 10, 2002) The July 8 death of a Kyrgyz national, who was buried in the collapse of a 200 meter high pit wall at the Canadian-owned Kumtor Gold Mine in Kyrgyzstan (Central Asia), has prompted renewed calls for an independent, third party environmental and safety audit of the mine.
EDC releases environmental and disclosure practices
(May 30, 2002) Export Development Canada (EDC) has released revised policies governing its environmental and disclosure practices following a 60-day comment period.
No progress in villagers’ plight seen
(March 20, 2002) Protesters in Chiang Mai condemn PM’s Office for failing to talk to them about assistance for people affected by the EDC-financed Mae Moh power plant.
Romanian reactor loans protested
(February 1, 2002) Leading energy critic Energy Probe submits formal complaint to the federal government over $390 million EDC loan to the Cernavoda-2 nuclear reactor project in Romania.
PRESS RELEASE: Export Development Canada environmental assessment for Romanian CANDU nuke plant a sham, EDC critic
(January 17, 2002) New legislation protects EDC from legal action.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
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