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Newswire on the IFIs
- Bangladesh exposes flaws in World Bank's Doing Business Index
- A flawed 'Doing Business' report
- Risk and accountability: What role for the Inspection Panel?
- Rio Tinto gets Australian government loan for Mongolian mine project
- Deutsche Bank and IFC accused of bankrolling Vietnam firms' land grabs
- World Bank data on measure of global poverty level faulted
Environment
This page links to information concerning a number of projects on which we have worked, in solidarity with local communities. In some cases, the projects rely on World Bank funding. In others they involve Canadian companies that may be seeking, or have secured, financial support from Export Development Canada (EDC). Sometimes they involve both. Regardless of the source of funding, in all cases, communities have contacted us because they are concerned about the significant adverse environmental, social and human rights impacts of the projects.
Oyu Tolgoi is an enormous copper and gold deposit in Mongolia. The project is jointly owned by Canadian company Turquoise Hill Resources and a state owned enterprise. According to the International Finance Corporation (IFC), estimated project cost is $12 billion. Project proponents seek financing from Export Development Canada, the IFC, the European Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency, among others. In this document, CSOs argue that the project does not comply with the IFC Performance Standards and provide a series of recommendations.
This month we examine 'odious investment' - Mongolia Undermined; (Mis)Investment in Agriculture; More than Bricks and Mortar; and the Canada Pension Plan Investment Board.
Climate finance: the World Bank, Export Development Canada and the Canadian government. Plus Rio+20 postmortem.
Presentation concerning the role of the private sector in international development with a focus on new CIDA programming in support of the extractive sector.
Article prepared for the 'Global Capital, Global Rights' workshop convened by SFU and UBC. The text discusses civil society efforts in support of Bill C-300, legislation that sought to create accountability mechanisms regarding the provision of government support to Canadian extractive companies that operate overseas.
Energy poverty, climate change and the World Bank; Durban postmortem.
In this letter to Export Development Canada and the U.S. Export-Import Bank, Chilean and Argentine organizations express harsh criticisms regarding the public agencies' due diligence processes concerning Barrick Gold's application for support for Pascua Lama.
The role of the World Bank in climate finance; Europeans raise the bar on export credit disclosure; the FTT; glacier protection in Argentina; new UN working group.
Canadian mining interests in countries around the world are valued at tens of billions of dollars. Karyn Keenan looks at efforts by local communities to hold mining companies to account for human rights abuses. 'The issue of access to remedy for the victims of corporate abuse requires urgent attention,' she writes.
Keenan describes recent efforts by non-nationals who are affected by Canadian mining companies to seek redress through the Canadian justice system.
See full article in Pambazuka News.
See Spanish version.
