Federal agencies continue to support fossil fuel companies. In this case Export Development Canada, a Crown corporation, is extending a $200- to $300-million loan to Enbridge Inc. to support the company’s oil and gas expansion plans.

Export Development Canada renewed the previously granted loan on July 23, a spokesperson told Canada’s National Observer in an emailed statement. Export Development Canada (EDC) is a Crown corporation that provides commercial loans, equity and insurance to help Canadian businesses reach the market. It is also a prolific financier of fossil fuels.

The renewal of this loan to Enbridge comes on the heels of EDC giving between $100 million and $200 million worth of project financing to Coastal GasLink and a separate loan worth between $400 million and $500 million to Cedar LNG in June.

“That’s a billion dollars in one month for fossil fuel companies at a time when the government has committed to stop funding fossil fuels,” said Julia Levin, associate director of national climate for Environmental Defence, in a phone interview.