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Decentralized Democracy

House Hansard - 37

44th Parl. 1st Sess.
February 28, 2022 11:00AM
Context: House Hansard - 37 - Feb/28/22
Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)
  • Feb/28/22 8:51:26 p.m.
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Mr. Chair, we have heard a lot of questions and replies about what Canada can do. We have heard from the Conservatives that we should stop importing Russian oil, which we do not do now anyway. I am wondering what the member would think about having the Canada pension plan divest itself of many very questionable investments many of which relate to Russian oligarchs. That money is used to create war. I am wondering if he could respond to that. My colleague from Cowichan—Malahat—Langford put forward a private member's bill in the last Parliament and it is something that the government should act on.
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Context: House Hansard - 37 - Feb/28/22
Mr. Kody Blois
  • Feb/28/22 8:52:19 p.m.
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Mr. Chair, the pension board is independent of government, but I think now is the time for government to be looking at all tools available to limit the ability for Russia, for Putin, for the oligarchs to finance the war that we are seeing in Ukraine. If that were something that was available and there were ties, that is something the government could look at, particularly given the circumstances that we are seeing right now.
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Context: House Hansard - 37 - Feb/28/22
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Feb/28/22 10:43:58 p.m.
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Madam Chair, a lot of proposals have been put forward on top of the very good actions the government has already taken. One that I think came up earlier today relates to Canadian pension funds that are invested in Russian operations. We would have to amend the Canada Pension Plan Investment Board Act. Would the hon. member agree with me that we should do so, and quickly, to divest of Russian investments?
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Context: House Hansard - 37 - Feb/28/22
Ms. Julie Dzerowicz
  • Feb/28/22 10:44:23 p.m.
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Madam Chair, I am reluctant to provide advice on our pension fund about what to divest or not divest. However, I will say that I am very proud not only of how the government has taken action, but also of Canadians across this country and businesses, small, medium and large. Everybody has stepped up to ask what they can do, and I would encourage everybody to continue to do so. What more can we do? How can we further support Ukraine and Ukrainians? That is something we all should be doing in the coming days and weeks.
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