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Business of Supply

A Conservative opposition day motion calling on the government to cancel its planned $25-billion investment fund, arguing that sovereign wealth funds should be built from budget surpluses and resource revenues, which the government does not have. Conservatives said the government is borrowing at a time of large deficits, that taxpayers would bear the risk, that the fund’s governance and decision-making are unclear, and that the Canada Infrastructure Bank fell far short of its disbursement targets. Liberal members defended the fund as a way to invest in major projects, including energy and offshore wind, generate returns for taxpayers and attract private capital, and pointed to Canada’s comparatively strong economy; some Bloc members questioned using public money for oil and gas projects and raised federal debt costs and health transfers. Some time also went to exchanges about committee operations and members’ regional priorities.Written by AI from the debate. Updated .

Official text

1 statement

Elizabeth May

Green
“The member for Kings—Hants should not have criticized another member for talking about climate change. The climate crisis is getting worse fast, and ocean currents could collapse and devastate Nova Scotia.”

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Official Hansard

Mr. Speaker, I rise because of the member for Kings—Hants’s response to a question from the member for Repentigny. I would like the member for Kings—Hants to reflect on whether it was appropriate to, basically, attack the member for Repentigny for continually raising the climate crisis, which is galloping now to a point where we are facing the risk of tipping points and a fifty-fifty risk of the collapse of the entire circulatory system, which includes the Gulf Stream, with devastating impacts for Nova Scotia.

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