Stelco Inc. Acquisition Act
An Act respecting the acquisition of Stelco Inc. by the United States Steel Corporation
Chris Charlton NDP
Introduced as a private member’s bill. (These don’t often become law.)
Introduction and First Reading
Subscribe to a feed of speeches and votes in the House related to Bill C-358.
May 4th, 2012 / 12:10 p.m.
Claude Gravelle Nickel Belt, ON
Canada is the only G7 country that does not have a national dementia strategy. These petitioners from my riding, from points like Hanmer, Val Caron, Blezard Valley, Chelmsford, Azilda and points right across my riding, are asking the government to support this bill that would introduce a national Alzheimer's strategy.
As we know, our citizens are getting older and there is an increase in Alzheimer's. The government should do more to help prevent Alzheimer's and help support workers who are looking after Alzheimer's patients.
Stelco Inc. Acquisition Act
November 24th, 2011 / 10:05 a.m.
Chris Charlton Hamilton Mountain, ON
moved for leave to introduce Bill C-358, An Act respecting the acquisition of Stelco Inc. by the United States Steel Corporation.
Madam Speaker, I am pleased to rise in the House today to introduce a bill regarding the acquisition of Stelco Inc. by the United States Steel Corporation.
U.S. Steel acquired Stelco in 2007, but it was not long after that the Government of Canada had to take U.S. Steel to court for failing to live up to the employment and production commitments made by the company under the Investment Canada Act.
I have raised issues related to U.S. Steel on numerous occasions in this House. I have raised the lockout of members of USW Local 1005, the denial of pension indexation for Stelco retirees, access to EI benefits for the locked out workers, and of course the inadequacy of the Investment Canada Act in protecting Canadian interests in this foreign takeover.
Sadly, it has been impossible to get full accountability because the agreement signed between U.S. Steel and the Government of Canada has never been made available publicly.
It is for that reason I am introducing this bill today. It would require the Government of Canada to publish all written undertakings given in the right of Canada under the Investment Canada Act in respect to the acquisition of U.S. Steel.
Furthermore, it would require the publication of all correspondence between the minister and the company regarding the enforcement of this agreement.
The Investment Canada Act demands that a foreign takeover have a net public benefit, but the public is being kept in the dark. That is simply not good enough. That is why my bill would finally bring accountability into the light of day.
(Motions deemed adopted, bill read the first time and printed)