When you compare just export credit agencies’ support for oil and
gas, we rank worst. That’s largely because, unusually for an export
credit agency, EDC supports projects in Canada. EDC has loaned money to a
number of domestic oil and gas projects that violate Indigenous rights
and have massive carbon footprints, including the government-owned Trans
Mountain Expansion (TMX) pipeline and the Coastal GasLink pipeline.
gas, we rank worst. That’s largely because, unusually for an export
credit agency, EDC supports projects in Canada. EDC has loaned money to a
number of domestic oil and gas projects that violate Indigenous rights
and have massive carbon footprints, including the government-owned Trans
Mountain Expansion (TMX) pipeline and the Coastal GasLink pipeline.
These
aren’t the kinds of records we want to hold. The science is clear. We
must cease all government support for fossil fuels if we are to limit
warming to 1.5°C and avoid the worst of the climate crisis.