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The Export Development Corporation (EDC) is a Crown corporation which facilitates Canadian exports through the provision of financial services. It guarantees loans and issues insurance to Canadian exporters where in many cases the risk is extreme. As a result EDC makes otherwise uneconomic investments proceed.
It has become clear that a number of the larger EDC-supported projects are socially and environmentally destructive. Alarmingly, these harmful projects are made possible thanks to Canadian taxpayers. In addition it is the Canadian public that foots the bill when EDC loans go unpaid.
What's New
CBI probe sought into Lavalin A writ petition has been filed before the Kerala High Court seeking a Central Bureau of Investigation (CBI) probe into the award of a contract to the Canada-based company SNC-Lavalin. [Full story]
SNC-Lavalin deal Canada under pressure The Canadian government is under tremendous pressure from Probe International, which has been exposing the SNC-Lavalin controversy through a media campaign on its website. [Full story]
Malabar Cancer Centre: Government ready for talks The Electricity Minister says the state government is ready to talk to Canada about a promised grant for the Malabar Cancer Centre, part of the controversial SNC-Lavalin deal. [Full story]
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Probe International is a project of the Energy Probe Research Foundation which is a federally registered charitable organization, No. 10730 5146 RR0001.
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