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Decentralized Democracy

House Hansard - 40

44th Parl. 1st Sess.
March 3, 2022 10:00AM
  • Mar/3/22 3:09:06 p.m.
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Mr. Speaker, I would like to thank my colleague from West Vancouver—Sunshine Coast—Sea to Sky Country for his tireless work. This funding initiative supports first nations commercial fish-based enterprises right across British Columbia. Last week our government announced $11.8 million to support business development and training for 31 indigenous companies, representing 117 first nations. We are committed to supporting first nations in their work to create a thriving coastal economy.
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  • Mar/3/22 4:42:48 p.m.
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Madam Speaker, I have a serious question for the member regarding my home province of Alberta. We have some of the largest oil reserves in Canada. From this motion, what I am hearing is that they wish to develop these sites and export some of this. However, China has a huge interest in many of the domestic companies here in Canada, particularly in Alberta, some companies with upwards of 50%. We can look back as far 2008 with the Nexen purchase of Canadian oil companies. Does the member support the profits of these companies, largely owned by China?
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  • Mar/3/22 4:43:23 p.m.
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Madam Speaker, that was another very good question. In fact, when I sat on the government's side of the House, I was part of a government that moved to restrict China's ownership of vital Canadian resources. This is an area the current Liberal government failed to act on. We are now seeing rare earth mineral companies being bought out by state-owned enterprises. That should stop. I also believe, though, that if companies operate in this country, we should be able to monitor their activities to ensure they are not working against Canada's national interests as well. I would support moves to do that when it comes to China's ownership.
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