Senator Gignac: Thank you, Senator Gold. I understand that CPP Investments is independent of the political power, and I respect that.

In my opinion, Canadians have the right to know more about the nature of the investments that their retirement plan is making abroad. That would help us to validate not only the carbon footprint of those investments, but also their tax footprint and democratic footprint, given that they’re being made in many countries that don’t really respect the rules of law, human rights and tax fairness. Senator Gold, don’t you think it is time for the Minister of Finance to require CPP Investments and other public sector pension plans in Canada to provide more information and to be more transparent about their activities abroad?

Hon. Claude Carignan: My question is a follow-up to Senator Gignac’s question.

Leader, I’m not satisfied with your response to Senator Gignac. You know very well that the Canada Pension Plan Investment Board was created by an act of Parliament and is accountable to the government and to the Minister of Finance.

Wouldn’t it be a good idea to amend the Parliament of Canada Act and set out clear investment guidelines on avoiding tax havens?

The Hon. the Speaker: I see two senators standing with questions. I’ll start with Senator Gignac and then Senator Batters. Will Senator Loffreda take a question?

Senator Loffreda: Yes, with pleasure.

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