Mr. Speaker, the Government of Canada has committed to facilitating the industrial transformation of the automotive sector to a net-zero future and taking the actions needed to remain competitive. The specific details sought were obtained in confidence during commercial negotiations and cannot be disclosed. The PowerCo. investment is a testament to Canada’s strong value proposition, including its highly skilled workforce, clean energy, abundance of critical minerals, access to markets, and a flourishing automotive and battery sector.
In the House of Commons on June 21st, 2023. See this statement in context.