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Don’t bankroll the next foreign mine disaster: A Brazilian mine spill shows how Canadian agencies risk getting tangled up in abuses (Embassy)
11 January 2016
(11 January 2016) “EDC [Export Development Canada] promotes Canadian exports and investment by issuing government-backed loans, guarantees and insurance. In 2014, EDC provided mining, oil and gas companies with over $28 billion in support. In the same period, the Harper government spent less than $1 billion on international humanitarian assistance.
EDC reports that it screens its transactions for potential impact on human rights and the environment. Its support for clients such as Vale brings this process into question.”
To read in full the Embassy article by Karyn Keenan, please click here.