44th Parl. 1st Sess.

November 9, 2023 10:00AM

Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)

Nov/9/23 1:35:26 p.m.
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Re: Bill C-34

Mr. Speaker, by rejecting Conservative amendments to create bright-line rules, such as those regarding investments from companies headquartered in hostile states being immediately referred to a review, and by not exempting our Five Eyes partners, which all clearly show not just democratic values but also market values, we are competing on taxes, environmental processes and investment rules for timely decisions. Does the member believe that the government has lost a major opportunity to welcome that investment quickly into our country from those countries that are aligned with us, and the opportunity to immediately send a signal to foreign states that want to use our investment rules for their own strategic advantage?

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Context: House Hansard - 250 - Nov/9/23

Mr. Dan Albas (Central Okanagan—Similkameen—Nicola, CPC)

Nov/9/23 4:32:33 p.m.
Watch
Re: Bill C-34

Mr. Speaker, I certainly appreciate the words of the member of Parliament for North Okanagan—Shuswap, as well as his leadership, particularly when it comes to the fight against aquatic invasive species. Conservatives know that, if Canada is going to compete for foreign direct investment, we need to have three things right: We need proper investment rules, a competitive tax environment and environmental processes to get big projects done. Right now, the government has struck out on all three. Conservatives wanted to actually extend an amendment that would allow for our Five Eyes partners, which share not only our values in terms of democracy and legal processes but also our market-based approach. That would have relieved at least one of the three important points that I raised earlier on how to attract direct investment. What does the member think about the current government's approach when it comes to these three points: taxes, investment rules and environmental processes?

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House Hansard - 250