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Decentralized Democracy

House Hansard - 259

44th Parl. 1st Sess.
November 30, 2023 10:00AM
Context: House Hansard - 259 - Nov/30/23
Mr. Daniel Blaikie
  • Nov/30/23 10:25:51 a.m.
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Mr. Speaker, I thank my colleague for her question. I think that one very important point raised by this acquisition relates to the environment. Clearly, RBC's strategy is based on endlessly increasing its investments in industries that produce greenhouse gases. I think that is one of the major issues the government needs to consider when deciding whether to approve this acquisition. We need a clear green taxonomy for the financial industry and for institutions that truly want to start greening their portfolios beyond mere greenwashing. The government has a role to play in encouraging institutions to make green investments like HSBC does. We do not want to see an institution like this gobbled up by one like RBC, which is clearly intent on increasing the greenhouse gases in its portfolio.
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Context: House Hansard - 259 - Nov/30/23
Hon. François-Philippe Champagne (Minister of Innovation, Science and Industry, Lib.)
  • Nov/30/23 2:42:28 p.m.
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Mr. Speaker, there is one number that the Conservative leader will not talk about. It is that Canada ranked third in the world for foreign direct investment. Yesterday, Dow Chemical announced one of its largest investments in 126 years in Fort Saskatchewan, Alberta. This is going to be thousands of jobs and hundreds of thousands of hours of construction. This is how one leads the economy. This is how one leads a country. This is how one leads to bring investment to this country.
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Context: House Hansard - 259 - Nov/30/23
Hon. François-Philippe Champagne (Minister of Innovation, Science and Industry, Lib.)
  • Nov/30/23 2:52:51 p.m.
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Mr. Speaker, the member gives me the opportunity to talk about an American investment that just happened yesterday. In fact, Dow Chemical made one of the largest investments in 126 years of history. It is going to invest more than $10 billion in Fort Saskatchewan, Alberta for the first net-zero ethylene plant in the world. We are going to be producing green plastics. We are going to create jobs. We are going to grow the economy. That is a plan for the future, and we are going to put it in place.
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