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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
  • May/29/23 8:01:06 p.m.
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Mr. Chair, is the nature of the disagreement on the fact that $30 billion on the TMX pipeline might bid up the cost of jobs for the growth fund?
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  • May/29/23 8:01:17 p.m.
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Mr. Chair, I think that when it comes to the TMX pipeline, we probably have many points of disagreement, although I suspect Rachel Notley and I have fewer points of disagreement on the TMX pipeline.
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  • May/29/23 8:01:34 p.m.
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Mr. Chair, I am concerned to know if the minister thinks that the spending on TMX may well bid up the cost of other large infrastructure projects, like those foreseen for the growth fund.
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  • May/29/23 8:01:43 p.m.
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Mr. Chair, I think the important point on TMX is that the pipeline is very close to completion. We expect that it will be finished by the end of this year. This is an important contribution to Canada's economic sovereignty, and I think all members are aware of this.
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  • May/29/23 8:02:00 p.m.
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Mr. Chair, how much does the government anticipate selling the TMX pipeline for?
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  • May/29/23 8:02:04 p.m.
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Mr. Chair, our government, once the pipeline is built, does not intend to be the long-term owner of the asset, and we are going to get good value for Canadians. The other aspect that is important—
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  • May/29/23 8:02:20 p.m.
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The hon. member.
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  • May/29/23 8:02:22 p.m.
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Mr. Chair, does the government canvass prospective buyers?
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  • May/29/23 8:02:27 p.m.
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Mr. Chair, the government is very aware of market interest in the pipeline.
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  • May/29/23 8:02:34 p.m.
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Mr. Chair, how much does that market interest likely dictate it will get for the pipeline?
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  • May/29/23 8:02:40 p.m.
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Mr. Chair, I want to point to one very important aspect, at least for me when it comes to TMX, and that is indigenous participation, which is something we are working on very energetically with indigenous groups.
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  • May/29/23 8:02:55 p.m.
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Mr. Chair, the government is spending more than double on the TMX pipeline than it is putting into the growth fund. How much does it expect to get for the pipeline?
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  • May/29/23 8:03:02 p.m.
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Mr. Chair, as I said, the government will get good value for Canadians from the pipeline. In the world, it is a very valuable, very rare asset and, as I said, contributes essentially to Canada's economic sovereignty.
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  • May/29/23 8:03:20 p.m.
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Mr. Chair, we understand that the terms and conditions of the Stellantis deal are changing. Is that because the government did that initial deal on a handshake, or did it have a written agreement?
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  • May/29/23 8:03:30 p.m.
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Mr. Chair, the initial conversations with Stellantis happened before the IRA was passed into law. I think it is very clear that the situation in the world has changed, and so naturally there—
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  • May/29/23 8:03:44 p.m.
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The hon. member.
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  • May/29/23 8:03:46 p.m.
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Mr. Chair, did the government have a written agreement with Stellantis before the IRA was passed into law?
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  • May/29/23 8:03:53 p.m.
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Mr. Chair, obviously the federal and provincial governments had agreements with Stellantis. It is also the case that the IRA has changed the playing field for the whole world. However, the member opposite is right in that the fact that this investment predates the IRA is an important factor.
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  • May/29/23 8:04:11 p.m.
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Mr. Chair, was the agreement with Stellantis in writing?
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  • May/29/23 8:04:16 p.m.
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Mr. Chair, as I said, the member is quite right to point out, as I point out as well, that the fact that this agreement predates the IRA—
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