Discussion · Government Orders
Sandra Cobena Conservative
“The minister claims politicians will not control this fund, but he also says the government will choose which projects get money. Why did he call it a sovereign wealth fund when politicians will control it?”
“Mr. Chair, on the one hand, the minister is saying it will not have political influence, but then, in the same sentence, he says “we” will ensure that it will be in the national interest, and “we” will decide which projects those will be. The reality is that Norway has zero political influence, and here the fund will have tons. My question to the minister is this. If the fund does not follow any of the traditional pillars of a traditional sovereign wealth fund, why did the minister tell Canadians that in fact it is one?”
Official Hansard
Mr. Chair, on the one hand, the minister is saying it will not have political influence, but then, in the same sentence, he says “we” will ensure that it will be in the national interest, and “we” will decide which projects those will be. The reality is that Norway has zero political influence, and here the fund will have tons. My question to the minister is this. If the fund does not follow any of the traditional pillars of a traditional sovereign wealth fund, why did the minister tell Canadians that in fact it is one?