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House Hansard - 168

44th Parl. 1st Sess.
March 10, 2023 10:00AM
Context: House Hansard - 168 - Mar/10/23
Mr. Andy Fillmore (Parliamentary Secretary to the Minister of Innovation, Science and Industry, Lib.)
  • Mar/10/23 11:53:39 a.m.
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Madam Speaker, the member opposite knows full well that all foreign investments are reviewed under the Investment Canada Act, and this transaction is no different. In the case of Paper Excellence's takeover of Resolute, it was subject to a national security review process. Not only that, the member will be pleased to know that, as part of that review process, the investors committed to maintaining existing Canadian patents, to maintaining facilities in Quebec and to adhering to Canadian employment and environmental laws. Due to the confidentiality provisions of the Investment Canada Act, we cannot comment further.
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Context: House Hansard - 168 - Mar/10/23
Mr. Andy Fillmore (Parliamentary Secretary to the Minister of Innovation, Science and Industry, Lib.)
  • Mar/10/23 11:54:55 a.m.
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Madam Speaker, the acquisition of Resolute Forest Products by Paper Excellence was subject to the provisions of the law governing national security reviews of investments. As part of the review process, the investor made significant commitments to Canada, including guaranteeing high levels of investment in the facilities in Quebec, maintaining existing Canadian managers and complying with Canadian labour and environmental laws. Because of—
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