Export Development Canada

A veteran Liberal backbencher took a Liberal cabinet minister to task on Tuesday, March 23, 2021, for failing to give real teeth to a new watchdog who is supposed to investigate human rights abuses by Canadian companies operating abroad.

International analyses suggest Canadian financiers are oiling the wheels of the fossil fuel industry at a far greater rate than their peers.

The Canadian Association of Petroleum Producers says if bridge loans for smaller oil and gas companies aren't ready to flow soon some companies will have to turn to less-safe options to survive the COVID-19 slowdown.

In a report released Tuesday, sustainable development consulting firm Horizon Advisors recommends that the government legally bar Export Development Canada (EDC) from aiding any fossil fuel energy projects.

Representatives from Canada's oilpatch said on Thursday, May 28, 1010, they don't know of a single energy company that has yet benefited from any of Ottawa's pandemic-inspired loan programs and many think the cost to access them is too high.

Devastated bars and lounges as well as the country's hard-hit cannabis sector will have access to $40 billion in new credit being made available via the government's business bank during the COVID-19 crisis, its CEO said on Sunday, April 5, 2020.

Environmental groups praised political parties for coming together to help struggling families, but also said the new law has insufficient oversight. 

Canada's $1.6-billion bailout package for Alberta's battered oil industry is well underway but with little transparency about who is getting the money and for what.

Canada's promise to produce an inventory of its fossil fuel subsidies as part of a joint peer review with Argentina appears to be off schedule and may not deliver results until 2021, an environmental advocate says.

Should a Canadian citizen want to make investments which exclude the fossil fuel sector or divest from fossil fuels, and is inclined to give priority for Canadian companies, they appear to be out of luck.

Canada's export credit agency says it regrets a 2015 decision to lend US$41 million to a South African company owned by members of a family with ties to former president Jacob Zuma.

A Conservative government, if elected this fall, would work to fix Canada's relationship with Saudi Arabia by trying to build back rapport with the kingdom in areas that it considers of mutual interest.

Export Development Canada is reviewing its decision to provide up to half a billion dollars worth of insurance in 2011 for an SNC-Lavalin contract in Angola after learning of an allegation the company may have won the bid with help from bribes.

Canada's export development bank is getting entirely out of the coal game but will continue to fund the oil and gas sector as the world transitions towards cleaner sources of energy.

New research shows Export Development Canada provided 12 times as much financial backing to oil and gas companies as it did to clean-technology companies over the last five years.