44th Parl. 1st Sess.

November 9, 2023 10:00AM

Mr. Rick Perkins (South Shore—St. Margarets, CPC)

Nov/9/23 1:20:23 p.m.
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Re: Bill C-34

Mr. Speaker, it was an excellent speech, particularly on the issues of the amendments to the bill that we managed to get passed. The bill missed the opportunity to do anything other than administrative changes, so we managed to update it to the geopolitical issues we have today. I am sure the minister will appreciate having those powers. I would like to expand this a little more, because the Liberals voted against our amendment that would have focused strictly on the issue of headquarters in hostile states. This is a big national security issue. It is not to reject it, but just to make it an automatic review. I am not sure why the Liberals would be afraid to have the power to review it and decide whether they want to reject it on that basis.

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

Mr. Maxime Blanchette-Joncas (Rimouski-Neigette—Témiscouata—Les Basques, BQ)

Nov/9/23 1:22:23 p.m.
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Re: Bill C-34

Mr. Speaker, my colleague's statements are kind of out there. He does seem to think the Bloc Québécois is pretty important. That is interesting. He says the Bloc Québécois is responsible for removing the tax on heating oil in the Maritimes. Can he tell us which motion or act the Bloc Québécois voted for that made that happen, when that decision is solely within the purview of the current government? That is a question I would like to ask my colleague. Anyway, I do want to add something about the bill we are debating today because it is easy to get off topic. The Bloc Québécois's criticism of Bill C‑34 relates to the thresholds that trigger a review. If we look at all the foreign investment proposals from 2022, the new measures would require a review of only about 10 of those 1,200 proposals. That is barely 2%. I would like to hear my colleague's thoughts on that. Security of investments really is important, but what is being done to implement better mechanisms to broaden the foreign investment security review process?

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

Ms. Marie-Hélène Gaudreau (Laurentides—Labelle, BQ)

Nov/9/23 4:30:41 p.m.
Watch
Re: Bill C-34

Mr. Speaker, I have a very simple question for my colleague. I understand that the review itself has not been updated in a number of years. This is highly significant considering the scope and the likelihood of foreign interference, as we witnessed with China and others. I have a concern. Our goal is not only economic prosperity, but also to keep our resources as our private preserve. What is missing in this bill that could cause a company to shut down if not for foreign investment? What should the government propose to maintain prosperity and hold on to our natural and human resources? Is this bill missing something?

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House Hansard - 250