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Decentralized Democracy

House Hansard - 247

44th Parl. 1st Sess.
November 6, 2023 11:00AM
Context: House Hansard - 247 - Nov/6/23
Mr. Michael Cooper
  • Nov/6/23 1:52:40 p.m.
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  • Re: Bill C-34 
Mr. Speaker, with respect to the issue of undertaking reviews, the amendment that Conservatives put forward was specifically targeted at countries that we do not have trade agreements with. For those countries that we do have agreements with, and that includes the European Union and most European countries, that automatic review would not apply.
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Context: House Hansard - 247 - Nov/6/23
Ms. Lori Idlout (Nunavut, NDP)
  • Nov/6/23 4:41:29 p.m.
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  • Re: Bill C-34 
Uqaqtittiji. I can see some work has been done on this legislation and that there were amendments made at committee. I see an amendment to clause 7 regarding the review of proposed investments to be made by a foreign entity, and I see that this review would only happen as long as the minister had recommended it to the Governor in Council. I wonder if the member agrees and if he could share with us whether he thinks this process is sufficient, given the great concerns he shared regarding reviews.
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Context: House Hansard - 247 - Nov/6/23
Ms. Elizabeth May
  • Nov/6/23 4:58:58 p.m.
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  • Re: Bill C-34 
Madam Speaker, I do not think so. The difficulty is that, yes, there would be improved transparency once one has a review, but what would trigger a review in an issue like that of Paper Excellence, which I have referenced? How wide is the net cast, and when could we take concerns forward? I wish we had more time. I will vote for Bill C-34; let me make that clear. It is an improvement and would modernize the Investment Canada Act. I think I would like to also vote for one of the Conservative amendments, to ensure that cabinet would retain control in the reviews. In any case, I will vote for it, but I am very concerned, because the innovative ways in which Canadian corporations are taken over by foreign interests do not trigger the usual notion of national security but can be very significant for national sovereignty. That is my concern.
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