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Member of Parliament

Richard Cannings

  • Member of Parliament
  • Member of Parliament
  • NDP
  • South Okanagan—West Kootenay
  • British Columbia
  • Voting Attendance: 61%
  • Expenses Last Quarter: $128,729.57

  • Government Page
Context: House Hansard - 250 - Nov/9/23
Mr. Richard Cannings
  • Nov/9/23 12:32:30 p.m.
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  • Re: Bill C-34 
Mr. Speaker, I am sure they were blueberries from British Columbia. They are bigger and better. I mentioned in my speech the fact of two very significant takeovers that happened during the Harper era. One was from, basically, the Chinese government, in our oil patch; the other was from Petronas, the Malaysian oil and gas company. Canada has, since its inception, relied on its natural resources to be the basis of our wealth. This is basically our birthright. It is what we have to really develop the Canadian economy. Therefore, I think we have to be very careful about any takeovers by companies that give foreign companies and, especially, foreign governments control over our natural resources, especially one as important as oil and gas. I think it is ironic, as I mentioned in my speech, that the Harper government banned the sale of oil and gas companies to foreign entities as soon as they approved those two acquisitions. I think it is certainly something that we have to really be careful of in the future. Hopefully, these incremental changes in Bill C-34 will help us do that.
188 words
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Context: House Hansard - 242 - Oct/30/23
Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)
  • Oct/30/23 1:18:02 p.m.
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  • Re: Bill C-34 
Madam Speaker, unfortunately, I missed the first part of the member's speech, so I hope he forgives me if he mentioned this. The member sits on the science and research committee with me, which is looking into situations like this, where intellectual property and industry is leaving Canada because of foreign takeovers. I have talked to companies in the hydrogen tech sector, where, when they get to a certain size, they need some investment to expand to the next stage and the investment almost always comes from abroad, so the technology goes to China, the United States or Germany. I wonder if the member could comment on that process and how this legislation could help that or what the government could do to help keep those technologies in Canada.
130 words
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