44th Parl. 1st Sess.
June 20, 2022 11:00AM
Madam Speaker, it is a pleasure to see you today, as always, and it is very interesting to debate Bill C-245 and the Canada Infrastructure Bank.
The bank is a newly designed institution. It has only been around for a few years and, even though it is still in its infancy, there is already talk about a lack of transparency and changes to the management approach and the board of directors. This institution has hardly been around for any time at all and we are already talking about the many problems with it.
The Bloc Québécois's position has always been clear. This bank never should never have existed, for the very simple reason that we did not need it. To date, the bank has basically been a failure, not because it did not fund any projects, but because it failed to do its job properly and to ensure that projects were carried out. To understand why the bank makes no sense, we need to look back at the past.
Let us go back to 2015. The current Prime Minister was on the campaign trail. He said that there was an economic slowdown and that we had to invest, in particular in infrastructure, since it was urgent that we help Quebec, the provinces and municipalities.
When things are urgent, the thing to do is to sit down with partners and finance projects. However, the government’s Liberal reflexes took over. It decided that, instead of taking action, it would waste time: It would create a new institution with various layers of public servants and invest in a big machine in Ottawa instead of delivering for Canadians.
That was what it announced in the 2015 electoral campaign and again in 2016. In 2017, the bank was legislated into being. However, it was still not in operation, and it was finally up and running when the economy was no longer in a slowdown.
So far, they have not learned from their mistakes. Since then, we have had a pandemic and another slowdown. The bank has not changed since then, and has not met its objectives. The government is once again behind in its projects. This is an example of poor service delivery and an inappropriate investment vehicle.
With his banker’s mentality, the finance minister at the time, Mr. Morneau, said that taxpayers would benefit. He said that the bank would drive job creation and economic development and that, for every dollar invested by taxpayers, it would draw four, five or six dollars in investments from the private sector. It was supposed to be a windfall.
Finally, nothing much happened, except for a few small projects that could very well have been financed more quickly using other methods, such as bilateral agreements.
If we look at the three-year growth plan of the Canada Infrastructure Bank, we can see that, by 2028, $2.5 billion will be invested in clean energy. We have a list of emergencies. At the same time, the Liberals tabled a budget in which they plan to invest—surprise, surprise—$2.5 billion a year, and not by 2028, in dirty energy. They are investing $2.5 billion in clean energy through the Canada Infrastructure Bank with their right hand and doing five times worse with their left.
That is what we call an inconsistent government. The Liberals are investing $1 in clean energy and $5 in dirty energy, and then they will tour the country this summer saying that oil is green. That is our federal government for you. They are investing $2.5 billion in broadband connectivity projects. The digital transition should have accelerated during the pandemic but, because we were wasting time with the Canada Infrastructure Bank, we were unable to speed up the process.
They are also investing $2 billion in building upgrades. These projects are closest to those on the ground, closest to the people, while the federal government is the level of government farthest from the people. The government thinks it is smart to invest like that.
There were a few good projects. I know that the hon. member for Winnipeg North will be talking about zero-emission vehicles. There were also good projects in Ontario, but that is not enough.
Here is what the Liberals did: They made a list of emergencies and created a huge bank. After years of wasting time, the projects were not carried out in time. However, the Liberals told us that they were urgent. Today, when we look at the institution’s performance, we can see that all of this was so urgent that they did not meet their commitments. That is exactly what happened with the bank.
No one can ask us to like the Canada Infrastructure Bank, because we like our people, we like Quebec, we like our infrastructure projects and we like our economy. That is why we do not like the Canada Infrastructure Bank.
Today, we are in a situation where they will try to meet their targets. They have money to spend and they have to meet their targets. They are looking for projects, because there are not enough of them.
I will give the same example as the Liberal member just gave, namely the famed high-frequency rail line between Quebec City and Windsor. This is not a high-speed train. It is a bad project. Everyone wants a high-speed train, but everyone is resigned to never getting anything from the federal government. We will therefore get a tortoise that passes by twice as often and we will be told that it is a great project.
The project, which is supported by the Canada Infrastructure Bank, will prove to be a bad risk for taxpayers and a good risk for the private sector. The project’s sponsor, VIA Rail, has decided that we should privatize the public infrastructure in the profitable corridor. However, the key mission of the government, that is to say, projects that provide a public return, will be paid for by taxpayers. They will privatize the good part and leave the bad part for the taxpayers.
Things are so bad that, in the last budget, the Liberals had to set aside $400 million in public funding for the project. We asked public servants what was going to happen with the $400 million and they said it would be used to find partners for the train project. I do not know of any functioning bank that has so few projects or friends, or that operates so poorly that it has to invest that kind of money to find partners. When you have to spend $400 million to find friends, maybe you need to change the way you do things.
The same is true for the REM light rail project. It did not need the Canada Infrastructure Bank. Normally, this would have been a Quebec government project. Investissement Québec would have bought shares, and the federal government would have helped. It would have been done quickly and properly, in a bilateral manner. We have a loan for the REM here, but this could have been done more efficiently without the new layer of administration in the federal government.
That is quite the bank we have. It is slow and does not meet its objectives. The Parliamentary Budget Officer said that the Bank of Canada would likely never be able to disburse the $35 billion it has to spend by 2028. There is now a $19-billion discrepancy. This is $19 billion for emergencies, according to the Liberals, that will never be used to meet the needs on the ground for the people who really need infrastructure. The bank does not work.
Now, if we are going to have a bad bank, we might as well improve the way it operates. That is why Bill C-245 is interesting. There is a lack of transparency in the management of these funds and in the reporting to the House. Even the Parliamentary Budget Officer said that the Canada Infrastructure Bank did not provide information or respond when his office tried to evaluate its performance, on the grounds that it was keeping trade secrets confidential. The bank is becoming like Export Development Canada, which is one of the major funders of oil projects in Canada and which also hides behind supposed trade secrets.
Another positive aspect of the bill is that it requires that the board of directors include indigenous and Inuit members. The idea behind this is that we are our own best advocates. This proves that the Canada Infrastructure Bank is not listening to people on the ground, and that is the least of it. I would be surprised if the Liberals did not support this bill for that reason.
The Canada Infrastructure Bank was supposed to be a miracle. My grandfather, and I am sure many others, used to say that if something looks too good to be true, it likely is neither good nor true.
The federal government is capable of meddling in Quebec's affairs. It has been no better at delivering infrastructure through its Canada Infrastructure Bank than at managing passports, airport services, unconditional health transfers or the temporary foreign worker program, as Quebec and the provinces have been calling for.
This is a reminder that Quebec must be in charge of its infrastructure projects, that the federal government needs to be smaller and that it needs to provide the money to Quebec and the provinces.
As Quebec's national holiday approaches, I want to take this opportunity to remind members how important it is for Quebec to have all of its revenue and resources and that it be the master of its own destiny. This bank serves as a reminder that Quebec must be free. Vive le Québec libre.
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Madam Speaker, I am here today to speak to Bill C-245, an act to amend the Canada Infrastructure Bank Act. I want to thank the member for Churchill—Keewatinook Aski for bringing this bill forward. I am very proud to stand in the House to speak in support of it.
The bill looks at something that is fundamentally important. It would take the Canada Infrastructure Bank Act and change it to focus on things that matter. The thing that matters most right now in this country is addressing the realities of climate change.
It is on the record since 2016 that I am not in support of the Infrastructure Bank. I am tired of seeing public money going to support private infrastructure and making the wealth of those few grow while the rest of us struggle. To me, it just makes sense that we have profound support and input into public ownership of public infrastructure, especially as we take on the crisis of climate change. If we are going to be serious about addressing this issue, we need to look at how we are going to adapt and respond in local communities, and make sure that those areas are recognized. We do not see that happening in this country right now under the leadership of the Liberals.
I come from a large rural riding, and one of the biggest challenges is transportation. A lot of people in my communities have to take one or two ferries and drive a long distance to get to the health care supports they need. There is very little support for bus services or for looking at how we are going to get people from one place to another in a safe and affordable way. This continues to be a massive concern and one that this bill addresses. This bill looks at the reality that more needs to be done, and it looks at taking the priorities of the Infrastructure Bank and supporting communities.
In the last Parliament, I put forward Motion No. 53. That motion talked about the fact that we are not seeing enough sustainable funding and resources going to smaller communities across the country to respond to the changes that we are seeing in the climate.
We are also not seeing funding to support adaptation to, and mitigation of, what is happening in the climate, or to address the issue of making sure there is sustainable employment in our areas. We need to have the climate addressed by local solutions. The people in communities and regions know what they know, and what they know often works. My motion, similar to this bill, also brought forward the idea of making sure that at every step, we acknowledge and recognize UNDRIP and look at following the leadership of indigenous communities across the country. We need the voices of rural and remote communities, and of indigenous communities, to actually be heard because they are on the front lines. As we look at what is happening in our country, we see that they are on the front lines of climate change and its impacts.
I live in B.C. Our region is seeing the impacts of climate change significantly. Last year, we saw heat domes that killed so many because we were not prepared for that level of heat in our region. We saw excessive and extreme flooding that wiped out whole highways and made areas inaccessible. We actually had to have the military fly in and take out people who were stranded in their vehicles. They could not get out because those areas were completely destroyed. We have seen forest fires eliminate a whole community and threaten so many more. This is the new reality that we are living in today, and it concerns me greatly because it is expensive and it is threatening our way of life.
What is frustrating to me as well is the fact that we are not seeing the level of action that we need to see from the current government. For the past six years, the Prime Minister has pretended to care about the climate crisis, but at the same time his government has looked at raising subsidies for oil companies. They are higher now than they were under former Prime Minister Harper. Over $4.5 billion in public money was used to buy a pipeline, and we do not even know where that is going to end.
Canada has the most GHG emissions per capita in the G7. Greenhouse gases emitted by the government have increased by 11%, and Canada is the only G7 country where GHG emissions have increased since the Paris Agreement: so much for our Prime Minister standing in that place saying that Canada is back. We are not back. We are not doing what we need to do to invest in a future that is safer for our children, and we are not investing in a future that leads us to opportunity for business and growth, because the future will be dealing with the climate. We have already pushed things that far.
It is time for action. It is time for a vision, and this bill addresses these very important issues. We need solutions that focus on growing and sustaining the wealth of everyday Canadians and not just the top 1%. One part I spoke of earlier that is so pivotal to this bill is following the leadership of indigenous communities in this country.
The first people of this country need to be at every single table, and this bill would assure that this is the reality. We need to listen to those voices, we need to listen to traditional knowledge and we need to accept that there is a long history of awareness in regions all over Canada that only indigenous voices can bring to the table.
We also have to acknowledge that, when it comes to adapting to climate change, indigenous communities are largely underfunded for basic infrastructure. I think of the Dzawada'enuxw in my riding up in Kingcome. It is a very remote community. They have been facing immense flooding from the river for multiple years, and they have been very clear that they need an access road so they can get to the ocean in case the community floods, as it has. I want members to understand that they have been building their houses up every year to address the fact that their whole community is being flooded, and all they need is a road so that a boat can come to get them. Right now, their only solution is to stand and wait for a helicopter to land on a pad, which means only a few people can be taken out at a time. This leads to higher risk, and we do not see any support in that. Exactly what this bill would say is that we need to address these issues.
I live in, work in and serve communities that are small, rural and indigenous, and I will tell members that the leaders of those communities are often working very hard with their staff to write the proposals and do the work that needs to be done so they can get the support they need. Often, when they are trying to find the resources to do those key things they do not have them, and the complex processes do not acknowledge the different sizes of communities.
This bill really would open the door for these communities to have a voice. We know there is $35 billion in the Canada Infrastructure Bank. This is so important, because we need to start addressing these really important issues.
I think I will end there. All I can say is that this bill would make a difference for communities trying their best to adapt to a climate that is going to win. If we do not take action soon, we are going to see devastation, and all of us will have to take a part of that responsibility.
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