SoVote

Decentralized Democracy

Brent Cotter

  • Senator
  • Independent Senators Group
  • Saskatchewan
  • Mar/1/22 2:00:00 p.m.

Senator Cotter: My second question is specifically about EVRAZ, coming from a different direction.

Canada operates the Canada Strategic Infrastructure Fund, which, over the last five years, has distributed $5 billion to a hundred different projects, one of those in Saskatchewan. The fund contributed $40 million to EVRAZ. Does EVRAZ need the money? EVRAZ last week reported profits in excess of $3 billion and a whopping 60% of the share price paid out in dividends. Who are those shareholders? Four Russian oligarchs own two thirds of those shares.

I could go on at length with the question, but what has the Government of Canada done to get our $40 million back?

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