Nick Dearden explains how the Export Credits Guarantee Department puts corporate profits above human rights
...Vince Cable is now in charge of the ECGD, answerable as it is to the Department for Business, Innovation and Skills. To date, little has been announced by way of reform.
The ECGD exists to support British exports by providing them with a sort of insurance. It normally supports large companies involved in big projects in the developing world. Over the past 10 years, support for fossil fuels, arms sales and aerospace has accounted for around 75 per cent of its work. Last year one single company, Airbus, received 89 per cent of ECGD support...
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