Thank you, Mr. Chair.
I'd like to say that, between the discussions in the House and the industry committee and this committee, we're at a place here that's very disappointing. We had a call, I think a fairly united call, from the opposition parties to have the contracts released. There are clauses in the contracts that give the company the right to withdraw the things that are commercially sensitive, but other than that the contract should be released.
In fact, the leader of the NDP has been up publicly calling for that from the government in question period. It's surprising to me right now that what we have before us is a motion that says what we should do is have the contracts released and then have a secret discussion at some point about what the Information Commissioner says about the contracts. I'll remind people that 44.7 billion dollars' worth of subsidies are in this between Northvolt, Volkswagen, Stellantis and Ford. The reality is that we're in this place because the government, the Liberals, don't seem to have their act together on what this does.
It started off with an announcement saying there would be, in Volkswagen.... The minister actually said publicly that there would be 30,000 jobs at Volkswagen. It turns out, of course, that's not true. It was said of the contract itself that there are two contracts for each of these—a construction contract and a production subsidy contract. That wasn't true. It's about 2,700 jobs, so it's plus or minus 10 times...for the minister.
When it comes to the Stellantis contract we know that even the president of NextStar, the Stellantis company, seems to be confused. He's put out so many numbers that he qualifies to be a member of the Liberal government. He said only a week and a half ago there would be 2,300 local tradespeople to help with the construction and the installation at this plant. Now he says there are going to be 900 people coming from Korea to do that work.
Which is it? It seems like on a different day there's a different story from the company.
That's why we're calling for a little bit of truth here. The truth comes from the release of the contracts. Most of the contracts are fairly simple. I understand these contracts are not some great corporate intellectual property secret. They are contracts about how much money per battery produced the federal government will subsidize these large global players for the production of them. The IRA, President Biden's Inflation Reduction Act, sets out clearly what those subsidies are. They are that 100% of the cost of the batteries will be subsidized by the taxpayers of Canada between now and 2029. Then, in the following year, it will be 75%. Then the following year it will be 50%. The following year it will be 25%, until we're down to no subsidy in 2033. That's public. That's what's in the IRA. That's what is mirrored in these contracts, if you're to believe what the minister said, which is that these contracts mirror that.
Having read the Volkswagen contract myself, as the only one here who's read it, I can tell you the minister is right. It does mirror the IRA numbers. The PBO also said that in committee. What you have here is, until the year 2029, in all of these contracts, the taxpayer is covering 100% of the cost of the production of these batteries. I'm shocked that any company would come here to Canada for a 100% subsidy. I don't think there's a fear that these jobs are going somewhere else, since nobody else other than the U.S. is offering a 100% battery subsidy.
I'll put it more gently. One of my heroes is Sir Winston Churchill. He famously switched parties. He went from one party, the Conservatives, over to the left side and then he went back. Do you know what he said?
He said ratting—crossing the floor in England is called ratting—is easy. Re-ratting and going back to where your ratted from, that's hard. We're giving the opportunity, as Mr. Genuis said, to the NDP to give this consideration and re-rat or go back to their original position, which was to call for the open, transparent release of these contracts so that Canadians can see exactly what it is this $44.7 billion of taxpayers' money. That's $4,213 per household going to these large multinationals.
We're very disappointed that the NDP has chosen to change its position. We're hopeful, through the debate we'll have shortly, that the NDP will listen to the logic they once agreed to, which was transparency. We know that the Liberals don't agree with that, but we're hoping the NDP will come back to their original position. The best way to ensure there are Canadian-only jobs—because the story changes every day—is for these contracts to be public.
I'll leave it there, Mr. Chair, and go back on the speakers list.