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House Hansard - 182

44th Parl. 1st Sess.
April 21, 2023 10:00AM
  • Apr/21/23 11:30:18 a.m.
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Mr. Speaker, our government has been very successful in bringing investments to Canada that are creating jobs and growing economic activity across the country. That Volkswagen has chosen Canada for its very first battery factory in North America is proof of that success, and we are very proud of it. Volkswagen's historic investment of $7 billion is a major vote of confidence in our workers and in our growing battery ecosystem, and it shows that Canada's work to become the world's green supplier of choice is working. I welcome the member to get on board.
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  • Apr/21/23 11:48:37 a.m.
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Mr. Speaker, as the member knows, the Investment Canada Act provides for the review of the most significant investments by non-Canadians to ensure the net benefit to the Canadian economy. All investments, no matter their value, are subject to a national security review under the ICA. Therefore, the acquisition of a Canadian company by a foreign company would be subject to review. As the member knows, due to the confidentiality provisions under the act, we cannot comment further.
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  • Apr/21/23 11:51:23 a.m.
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Mr. Speaker, my friend may not have heard that the world is facing a new future built on the green economy. President Biden reminded us in this chamber that the countries able to develop green economies within their borders will be the countries that will win. This is a historic investment for all Canadians. I will point out to the member that our investment is not a subsidy. In fact, this investment is equal to the economic impact of just five years of operations at this new plant. The scale of the site will create thousands of direct and indirect jobs. Our government is bringing the auto sector back to St. Thomas after a plant closed under the Conservatives' watch in 2011. The area MPs and the Conservative premier are behind this; why is this not the case for the member and his party?
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  • Apr/21/23 11:52:39 a.m.
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Mr. Speaker, every day in the chamber, the government members come to work to make life more affordable for Canadians, grow the economy and take action against climate change. This investment by Volkswagen and the federal government is a game-changer for the positioning of Canada as the world's green supplier of choice. It means that we are well on our way. There will be thousands of jobs created in the St. Thomas area. There will be thousands of knock-on jobs created in adjacent industries. This is a win for Canada, and it is a win for the world.
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