SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
February 27, 2023 09:00AM
  • Feb/27/23 10:00:00 a.m.

I appreciate the question from the member. Really, we have seen tremendous investment. I mentioned the NextStar Energy and Umicore investments to start, but we also have tremendous other opportunities that are in the pipeline.

As the minister noted, not all of them will come to fruition. However, think of the $2 billion in investments by global biomanufacturers—Sanofi, Resilience and Roche pharmaceuticals—and $17 billion in investments by automakers and suppliers of EV batteries and battery material. You’ve heard of LG Energy Solution, Stellantis, General Motors, Honda, Ford, Umicore, Magna, Nokia—$340 million investment to build in Ottawa. So the investments are coming in thanks to the government’s proactive efforts to attract investment. I thank you for the question.

122 words
  • Hear!
  • Rabble!
  • star_border