(CBC News, Ottawa, 18 December 2018) The federal government is promising more than $1.6 billion — most of it in loans — to support the ailing energy sector, but it's unlikely to ease the heightened political tension between Ottawa and Alberta. Natural Resources Minister Amarjeet Sohi and...
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2018/12/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
(Globe and Mail, Toronto, 25 December 2018) Canada’s largest industry and trade association has asked the federal government to insure foreign investors against the risk their projects might be derailed by [mandatory] consultations with First Nations. The suggestion from Canadian Manufacturers...
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2018/11/27
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
Member: Above Ground
(Windsor Star, Ottawa, 22 November 2018) A new report shows Canada’s export credit agency provides far...
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2018/11/27
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Corruption, Human Rights, Transparency
Member: Above Ground, Bank Track, Both ENDS, Friends of the Earth USA
(Above Ground, Ottawa, 12 November 2018) Canada’s Export Development Act is under review. In our submission (pdf) to the government...
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2018/09/30
Country: Canada, China, Italy, Japan, South Africa, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Oil, Gas and Mining, Transparency
(Daily Maverick, Johannesburg, 3 September 2018) The Export Credit Insurance Corporation of South Africa (ECIC) uses public funds for international projects it chooses to invest in. Right now, the agency is considering lending a part of $14-billion needed by US energy company Anadarko for a...
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2018/09/30
Country: Canada
ECAs: Export Development Canada
Issue: Human Rights, Transparency
Member: Above Ground
(Globe and Mail, Toronto, 26 September 2018) Ottawa has ordered the nation’s export credit agency to consider more carefully the human-rights implications of loans and insurance it offers in support of Canadian businesses....
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2018/08/29
Country: Australia, Canada, France, Korea
ECAs: Export Development Canada, Export Finance and Insurance Corporation, Export Import Bank of Korea
Issue: Oil, Gas and Mining
(Global Trade Review, London, 22 August 2018) Peruvian miner Minsur has secured US$900mn in project financing for its Mina Justa copper mine. The lenders are: BBVA Continental, BBVA, Banco de Crédito del Perú, Crédit Agricole, Export Development Canada (EDC), Export Finance and Insurance...
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2018/07/27
Country: Canada, France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, Export Development Canada, UK Export Finance (UKEF)
Issue: Aircraft
(Daily Monitor, Kampala, 24 July 2018) Uganda hurriedly firmed up plans to revamp the country’s defunct airline in March 2019, after signing a purchase agreement for four Canadian Regional Jets 900 series, while at the Farnborough airshow in the United Kingdom. Uganda also signed a memorandum...
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2018/06/01
Country: Canada
ECAs: Export Development Canada
Issue: Transparency
(Canada News Wire, Ottawa, 16 May 2018) EDC is now inviting stakeholders from across the Canadian trade and business ecosystems to offer input and constructive feedback on the following key policies under its environmental and social risk management framework on: Environmental and Social Risk...
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2018/05/31
Country: Canada
ECAs: Export Development Canada
Issue: Corruption
Member: Above Ground
(National Observer, Ottawa, 30 April 20188)Canada’s federal auditor general says there are “significant deficiencies” at Export Development Canada when it comes to risk management.The Office of the Auditor General of Canada...
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2018/04/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption
Member: Above Ground
(Above Ground, Ottawa, 30 April 2018) In this report, ECA Watch member Above Ground examines reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard. The recommendations are informed by leading anti-corruption policies and guidance...
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2018/03/31
Country: Canada, China
ECAs: Export Development Canada
(Xinhua, Ottawa, 21 March 2018) There are currently over 1,000 Canadian companies doing business in China, more then 600 of them supported by the EDC, the country's export credit agency which offers trade finance, export credit insurance, bonding services and foreign market expertise, EDC's...
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2018/03/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, BRIC countries, Corruption, Transparency
http://aboveground.ngo/bombardier-gupta-accountability-edc/
(Above Ground, Ottawa, 26 March 20188) Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family in...
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2018/02/28
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption, Debt
(Globe and Mail, Toronto, 19 February 2018) Canada's export credit agency is worried that a Canadian EDC financed Bombardier luxury jet could become the escape vehicle for the controversial Gupta brothers as they flee a corruption prosecution in South Africa, according to court papers filed by...
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2018/01/31
Country: Canada
Issue: Climate Change, End Coal Financing, OECD
(ECA Watch, Ottawa, 31 January 2018) In a recent opinion article, Canadian environmentalist David Suzuki noted that the Secretary-General of the OECD...
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