Mr. Speaker, today we are looking at Bill C-28, an act to amend the Aeronautics Act and other acts. Before I even get into this bill on Canadian space launches, I would say that things may already be going off track. Let me explain.
On March 21, Marie Lumsden, who lives in the small community of Canso, Nova Scotia, woke up early. She lives three kilometres from the famous launch site, which is, I imagine, the first of the major projects we are looking at today. She put on her boots and grabbed her camera to go see what had been announced with such great fanfare. There was talk of a $200-million investment and a site that the government was so proud of. It was the dawn of a new era.
When Marie Lumsden arrived at the site, what she found was a gravel road, two sea cans, and a concrete pad measuring 25 feet by 35 feet, which is roughly the size of a campsite for a 21-foot trailer. All of this cost the government $200 million, as it so proudly announced.
I am not talking about this here to be oppositional or to create a narrative. I am talking about this because Quebeckers and Canadians deserve to know how their money is being spent. When $200 million is spent on a concrete slab, that raises questions. For many weeks now, citizens, journalists, financial analysts and, now, parliamentary committee members have been asking the same questions.
What we saw yesterday in the House was quite something. We have questions. Canadians have questions. Government Motion No. 9 was adopted, curtailing our ability to ask the government these questions and hold it accountable. Once again, we have a fine example of what is coming our way over the next few years. The questions are serious and they deserve answers. Canadians pay taxes, and they are seeing the government spending their money on projects like this, to the tune of $200 million for a trailer pad. I think Canadians deserve answers.
Today, I am just going to present some facts and ask the government if it has anything to say in response.
Let us talk about Maritime Launch Services, the publicly traded company responsible for this $200-million launch site. The financial statements are public, so we are not making this up. This information is public, and the company is registered with SEDAR+. For those tuning in who would like to check it out, SEDAR+ is Canada's official securities registry.
The financial statements tell us three things.
First, in 2025, Maritime Launch Services generated $14,900 in revenue—not $14 million in revenue, but $14,900, with no extra zeros. We are talking about nearly $15,000. That is a figure that, I think, is highly significant. Second, that same year, the company posted a loss of $47 million. It had nearly $70,000 in cash. Those figures are not exactly impressive. These facts are public knowledge, and I think that is what is drawing attention to the issues. Third, and I believe this is the most important point, the company's auditors, the accountants who conduct the analysis and are tasked with auditing the books, said that there is material uncertainty as to whether the company will have the financial ability to continue as a going concern.
That tells me this is not a company in great financial shape. I am not the one saying it is on the brink of bankruptcy; the company's own accountants are saying that. Despite this seemingly precarious situation, our colleagues opposite, the members of the Liberal federal government, decided to invest $200 million in this company. They decided it made sense. That is $20 million for 10 years.
To pick up where I left off with Marie Lumsden, her experience that morning and the photos she took blew the story wide open. She has spent the past seven years trying to talk to the community, asking questions, and sifting through piles of data and pages of ATIP requests. She contacted the municipal, provincial and federal governments. She even contacted the Minister of Justice, who would later make the announcement with great fanfare in Nova Scotia.
She has spent seven years asking questions, but no one seemed interested in listening. However, she found something astounding in the documents, something that I think should raise some important questions. This infamous launch site is the future of Bill C‑28. The government wants us to trust it on this bill. The thing is, Maritime Launch Services leases the land from the provincial government. It is a lease. It does not belong to the company; it is leased.
How much does the company pay the government to lease this land? That is the question. The company pays $13,500 a year plus taxes because, of course, there are always taxes. The company leases the land from the provincial government for $13,500 a year and then subleases it to the federal government for $20 million a year. The company does not own the land. Think about it. If the company does this for 10 years, that amounts to $200 million dollars. The company leases the land from the province for $13,500 and then subleases it to the federal government for $20 million.
Some might say that the opposition parties are always complaining, that they are always opposing everything, that surely there is a return on the investment and that the Liberals made a logical and informed decision, but that does not seem to be the case. The government did not get any shares in the company in return for its investment. It has no ownership rights to the land. It has no equipment. It has nothing. We are talking about $20 million per year for 10 years, or $200 million, and Canada has nothing to show for it except a concrete slab about the size of a trailer pad. Marie Lumsden has spent seven years trying to tell elected officials that. She has spent seven years trying to make her voice heard. Today, I can say that, here in Parliament, we talking about what she discovered and about the work she has done.
To be fair, I recognize that Canadian space sovereignty is a legitimate objective. It is important. I recognize that Canada needs to develop its own domestic launch capabilities. That is not what I am criticizing. Canada has a rich history of space exploration. What I am criticizing is the fact that the government is going to use this as a pretext to help well-connected people instead of using it to build on that rich history.
We will have to see, because the sovereign wealth fund was just announced yesterday. The Liberals are drawing inspiration from some very flashy buzzwords and are following Norway's example in particular. Does the Liberal plan exist anywhere else? Let us look at what Norway did. Andøya Space, based in Norway, has the infrastructure needed to carry out successful launches. It cost the equivalent of $46 million Canadian. The Norwegian government owns 90% of the company. That is a quarter of what the government is spending here, and 90% of it is owned by the Norwegian government. That is not the case here. We own 0%, and it is costing us $200 million. We are talking about public funds here. There have been successful launches in Norway. It is working. We should look to this model for inspiration. I am not saying this as a complaint. That is not it at all. I am simply suggesting what should be done.
Ultimately, what should be done? First, the government has to publicly disclose all the contracts. We want to know how bids were made, what criteria were applied, and whether other candidates were in the running for the much-touted launch facility or whether this was the only location the Canadian government could access.
Second, the government has to explain why Canada received zero equity in return for 200 million taxpayer dollars. Norway has a 90% ownership stake in the Norwegian company. Canada has zero stake.
Third, and I want to emphasize this point, because it makes us really skeptical about Bill C-28, the chair of the board of Maritime Launch Services sold three million shares of the company on April 9, 24 days after the announcement. That is serious. Someone is making a lot of money on the backs of taxpayers, on the backs of Canadians, with help from the Liberal government. Questions need to be asked. The Conflict of Interest and Ethics Commissioner needs to be formally seized with this issue now, not a year from now.
Some weeks ago, the minister proudly announced that this was a historic investment. He talked about Canada's sovereignty, Canada's future and Canadian ambition. However, there is zero ownership, zero control and zero transparency. Now, the government wants us to pass Bill C‑28, which would give the minister sweeping, discretionary powers to be wielded behind closed doors. I experienced this yesterday at an in camera committee. The Liberals took control of the committee and decided to go in camera to make sure that people would not hear what was being said and that Canadians would not have access. They took complete control so that we would stop asking questions. That is not how a government should act. Democracy is all about transparency. Clearly, the current government does not understand that. It wants to decide who can go into space without clear criteria, without going through Parliament.
In an industry as strategic as space, the risk of regulatory capture is real. This bill does nothing to reduce that risk. On the contrary, it concentrates power in the hands of ministers. It allows decisions to be made behind the scenes, as usual. It is shutting Parliament out of the process. Why are parliamentarians being asked to approve a regulatory framework after $200 million was spent? Why were rules not established beforehand?
I will close with this question: Why is there no transparency, when that is what all Canadians expect from the government?
