“Mr. Speaker, I would like to clarify, a bit, the difference between the Norwegian wealth fund and the Canadian debt fund. The Norwegian sovereign wealth fund used assets from Norway’s resources and invested outside the country to create a fund for its citizens. The Canadian sovereign debt fund is supposed to take debt, which the government says will help boost our resources immediately, although the Norwegian sovereign fund took 36 years to build. I am not really squaring the circle here. What I would like, please, is for the member opposite to admit that the government is actually misguiding Canadians in comparing the Norwegian wealth fund to the Canadian sovereign debt fund.”
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A+
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Average 96 / 100
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Procedure 11%Claims 89%
This view breaks the statement into its steps and names what each one does.
Mr. Speaker, Procedure · 9 wordsI will try to help my hon. colleague here.ProcedureClaims · 154 wordsThe principles are exactly the same.Whether it is taking royalty revenue and putting it into a sovereign wealth fund, taking a national surplus and choosing to put it into a national fund or debt financing being put into a national fund, the entire objective here is taking equity positions in major national projects.In Norway’s case, it is around the world.1In our view, we want to focus on Canada.The idea here is that the fund would be used to create equity positions in major national projects or resource projects in this country, such that there will be a long-term benefit in the public interest to Canadian taxpayers and to Canadian citizens.Canadian individuals can invest in the sovereign wealth fund and get a return, 2and this money would be used to help catalyze private sector funding.The position is very similar.It is taking equity positions to create long-term public interest.Procedure · 10 wordsThat is about as simple as I can make it.Procedure