Blog Entry

Seven Deadly Secrets: What Export Development Canada does not want you to know: Canadian Companies May Be Wreaking Havoc with Taxpayers' Support

Jamie Kneen

National Program Co-Lead

A report by the NGO Working Group on the EDC (of which MiningWatch is a member) reveals that a Crown Corporation, Export Development Canada, may be helping to finance a number of projects under development by Canadian companies without the necessary environmental and social due diligence. EDC continues to hide the environmental and social risks of its investments from the public, despite a report from the Auditor-General calling for disclosure and transparency. Includes case studies on Noranda's Alumysa aluminum smelter in Chile, Inco's Goro nickel mine in Kanaky-New Caledonia, Inco's nickel mine in Indonesia, the Rosia Montana gold and silver mine in Romania, and the Tambogrande gold/silver/copper/zinc mine in Peru.

PDF icon sevendeadlysecretsweb.pdf1.13 MB