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(-) Remove Climate Change filter Climate Change
(-) Remove Oil, Gas and Mining filter Oil, Gas and Mining
(-) Remove Above Ground filter Above Ground

2022/03/31

EDC targets growing demand for ESG financing

(Globe & Mail, Toronto, 28 March 2022) Canada’s export credit agency is looking to capitalize on the growing trend for sustainable investing, launching a set of new financial tools aimed at supporting socially oriented businesses and helping large greenhouse gas emitters reduce their carbon...

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Country: Canada ECAs: Export Development Canada Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables, Transparency Member: Above Ground

2021/01/30

EDC is undermining Canada’s climate commitments. Will Ottawa step in and take action?

(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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Country: Canada ECAs: Export Development Canada Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables Member: Above Ground

2020/07/30

EDC’s role in Canada's oil and gas bailout

(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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Country: Canada ECAs: Export Development Canada Issue: Climate Change, Oil, Gas and Mining Member: Above Ground

2020/06/29

Canada now second to China in public finance for fossil fuels

(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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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

2020/05/30

EDC is bailing out the fossil fuel industry. Will Canadians be given a full accounting of the costs?

(Above Ground, Ottawa, 4 May 2020) 2020 is a pivotal year for wealthy nations to ramp up their climate action plans, spelling out how they’ll make the deep emissions cuts needed between now and 2030. Instead, states are bolstering the very industries that must be phased out to avert disastrous...

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Country: Canada ECAs: Export Development Canada Issue: Climate Change, Oil, Gas and Mining Member: Above Ground

2019/02/28

With new limits on coal but none on oil and gas, EDC’s climate policy misses the mark

(Above Ground, Ottawa, 12 February 2019) In January Export Development Canada (EDC) released a new climate change policy. The policy commits EDC to further limit its coal-related investments and increase its support for clean technologies. It does not, however, put in place a clear path to...

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