Aerospace Industry

During question period, the aerospace industry came up, specifically a federal contribution to a small company developing a commercial rocket launch site in Nova Scotia. Michael Cooper of the Conservatives asked the government to release all records about roughly 200 million dollars given to a six-person company to lease public land for a spaceport, saying the company pays little for the land and had large financial losses and almost no revenue. Liberal ministers David McGuinty and Sean Fraser replied that building Canada’s own space launch capability would bring investment, create well-paying jobs, strengthen sovereignty, reduce reliance on the United States, and open partnerships with Europe, and said the facility has already carried out test launches reaching beyond 100 kilometres. Fraser also said the Conservatives were opposing jobs in Nova Scotia.Written by AI from the debate. Updated .

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2 statements

Michael Cooper, St. Albert—Sturgeon River

Conservative
“The government gave 200 million dollars to a tiny company to lease land for a spaceport. The company only pays 20,000 dollars a year for that land. I want the government to release all the records about this deal.”
Official Hansard

Mr. Speaker, the Liberals refuse to come clean about 200 million tax dollars that they handed a six-person company of Liberal insiders to lease a so-called spaceport that is really nothing more than a gravel pit. That was 200 million tax dollars to a company that does not even own the land and that leases the land from the Province of Nova Scotia for less than $20,000 a year. If taxpayers are not being ripped off, then why will the Liberals not release all of the documents surrounding this shady lease?

Michael Cooper, St. Albert—Sturgeon River

Conservative
“The government gave 200 million tax dollars to a failing company so it could lease public land. I want to know if they are hiding the documents because this deal just makes their friends rich.”
Official Hansard

Mr. Speaker, there is more. The company’s 2025 financial statements recorded a comprehensive loss of $47 million, and revenue of under $15,000. In other words, the company was nearly bankrupt until the Liberals came to their rescue and handed them 200 million tax dollars to lease land that taxpayers already own. Is the reason the Liberals will not release the documents not that it is just one big scam in which Liberal insiders are getting rich?

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