I'm sorry. I have very limited time and want to go to the theme of corporate responsibility and ethics as they relate to Revera.
Revera is...owned by the Public Sector Pension Investment Board...a Canadian Crown corporation and one of Canada's largest public sector pension funds. Excessive and preventable COVID-19 deaths [happened] at Revera's Canadian facilities.
I want to say, Minister, that this is related to corporate culture, greed and the move away from caring for people and to trying to make money.
I'm looking at two reports here.
One is called “Revera Living, Making a Killing”. It was done by the Centre for International Corporate Tax Accountability and Research. It says, “Revera, a private corporation”, is operating in the U.K. and has shown “a pattern of aggressive corporate tax avoidance” and a lack of ethical corporate conduct in Canada.
I have another report here that was also done by the Centre for International Corporate Tax Accountability. CUPE raised this one about the Canada Pension Plan Investment Board's financial and ethical failures as they invest in long-term care. This was in France, where millions of dollars were lost and care for seniors was absolutely devastating.
This is important, because it's housing and protection for seniors. We have two of Canada's pension plans putting profit before people. I'm interested in what you think about this, because CUPE themselves made three recommendations to the government: Federal governments should prohibit pension funds, including CPPIB, from investing in long-term care; private long-term care facilities should be returned to the public sector; and the federal government should publicly review the Canadian Pension Plan Investment Board Act's requirements regarding the board's risk management. I would also say that the federal government needs to review PSPIB regarding compliance with their own ethical standards.
What do you think about these investment boards and the way they're operating—putting profits ahead of seniors?