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Decentralized Democracy

House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
Context: House Hansard - 58 - Apr/26/22
Mr. Alexandre Boulerice
  • Apr/26/22 11:04:41 a.m.
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Madam Speaker, I thank my colleague for his question. The NDP calls the Canada Infrastructure Bank the privatization bank, because it is governed by a market-based logic in which investors get guaranteed profits and returns. As a result, projects are selected mainly based on returns, not public usefulness. That is what the NDP has a problem with. We would like to see the Canada Infrastructure Bank become a real public bank that serves the public interest, not a bank that gives guaranteed returns to private investors. If the bank is operating from a perspective of guaranteed returns, then the choices that are made will not necessarily be good for the energy transition or the well-being of the population in general. They will only be good for shareholders.
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