(Toronto Star, Ottawa, 17 January 2022) By Karen Hamilton, director of ECA Watch member Above Ground, a project of MakeWay Charitable Society that works to ensure companies based in Canada or supported by the Canadian state respect human rights and the environment wherever they operate. Fossil...
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2022/01/30
Country: Canada
ECAs: Export Development Canada
Issue: Oil, Gas and Mining
Member: Above Ground
2021/10/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining
(Peterborough Examiner, 18 October 2021) The federal government has no plans to immediately stop Crown corporations from financing fossil fuel companies, but it’s not ruling out pushing them to reduce those supports more quickly, says Canada’s environment minister. The issue of public financing...
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2021/07/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Transparency
(Globe Newswire, Ottawa, 22 July 2021) Export Development Canada (EDC) is committing to net zero emissions by 2050 across its business lines and in its own global operations. The Crown corporation’s plan will include interim reduction targets for the most carbon intensive sectors for 2023 and...
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2021/05/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, OECD
(National Observer, Vancouver, 5 May 2021) EDC's financial support to the oil and gas sector came under scrutiny Tuesday as part of a new legal opinion outlining Canada’s obligations in responding to the climate crisis. The legal opinion from London says governments must take steps to stop...
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2021/04/29
Country: Canada
ECAs: Export Development Canada
Issue: Oil, Gas and Mining
(The Narwal, Victoria, 15 April 2021) Despite repeated promises to phase out fossil fuel subsidies, Canada’s federal government dedicated $18 billion in 2020 to assist the country’s oil and gas sector, according to a new report from Environmental Defence that outlines additional support for the...
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2021/04/28
Country: Canada, Denmark, France, Germany, Netherlands, Spain, Sweden, United Kingdom, USA
ECAs: COFACE, Denmark EKF, Euler Hermes Deutschland AG, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Climate Change
(Oil Change International, Washington, 15 April 2011) In response to the launch of a new Export Finance for the Future coalition (E3F), 21 civil society organizations (CSOs) from 14 countries...
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2021/01/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
Member: Above Ground
(Above Ground, Ottawa, 13 January 2021) Between 2016 and 2018, Canada provided more public finance for fossil fuels than any G20 country other than China, with Export Development Canada (EDC) providing on average $13.8 billion in support to oil and gas companies each year. Last month more than...
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2020/11/30
Country: Canada, Indonesia, United Kingdom
ECAs: Export Development Canada
Issue: Corruption
(Compliance Week, Boston, 6 November 2020) The U.K. Serious Fraud Office (SFO) on Thursday confirmed it is investigating plane maker Bombardier over suspected bribery and corruption in relation to contracts and orders from Indonesian airline carrier Garuda Indonesia. According to the...
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2020/09/29
Country: Brazil, Canada, China, France, Germany, India, Italy, Japan, Korea, Russia, United Kingdom, USA
ECAs: COFACE, Euler Hermes Deutschland AG, EXIM Bank China, Export Development Canada, Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A., UK Export Finance (UKEF)
Issue: Transparency
(Global Trading Magazine, Dallas, 25 September 2020) At the Sept. 9 end of the two-day 2020 G12 Heads of Export Credit Agencies (ECAs) meeting, which EXIM Bank hosted virtually from its Washington, D.C. headquarters, the 12 Heads of ECAs issued its first-ever G12 joint statement. ECAs involved...
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2020/08/29
Country: Canada
ECAs: Export Development Canada
(Globe and Mail, Toronto, 31 July 2020) The Canadian Football League (CFL), facing Corona virus slashed ticket sales, is seeking Canadian government assistance via a bank loan under the Business Credit Availability Program (BCAP), after the Business Development Bank of Canada and the CFL couldn...
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2020/07/30
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
Member: Above Ground
(Above Ground, Ottawa, 22 July 2020) Canada’s oil and gas sector could receive billions of dollars in public financial aid as a result of Ottawa’s COVID-19 economic response package. The new sums are in addition to the billions of dollars in routine loans and other supports that the industry...
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2020/06/29
Country: Canada, China
ECAs: EXIM Bank China, Export Development Canada, Sinosure
Issue: Climate Change, Oil, Gas and Mining
Member: Above Ground, Friends of the Earth USA
(Above Ground, Ottawa, 15 June 2020) A recent report from Oil Change International and Friends of the Earth U.S. reveals that...
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2020/06/29
Country: Canada
ECAs: Export Development Canada
Issue: Oil, Gas and Mining
(National Observer, Ottawa, 10 June 2020) International Trade Minister Mary Ng says she expects transparency and accountability from a key federal Crown corporation, after a new report concluded Canada is undermining its own climate goals by allowing EDC to support fossil fuel projects such as...
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2020/06/29
Country: Canada, Saudi Arabia
ECAs: Export Development Canada
Issue: Arms Trade, Human Rights
(Globe and Mail, Toronto, 7 June 2020) The federal government tapped a seldom-used account at Ottawa’s export-financing agency last fall to extend $650-million of support to the US defence contractor building combat vehicles for Saudi Arabia, aid that came as Riyadh was falling behind on...
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2020/06/29
Country: Canada
ECAs: Export Development Canada
Issue: Climate Change, Oil, Gas and Mining
(Reuters, Winnipeg/Toronto, 4 June 2020) Canadian oil producers sideswiped by economic damage from the coronavirus pandemic have received no federal loans from EDC, seven weeks after the first lending program was announced, government and industry officials said on Thursday. The large-employer...
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