Evidence of meeting #41 for Industry, Science and Technology in the 43rd Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was electricity.
A recording is available from Parliament.
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
I understand the veto of the northern gateway pipeline—
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
—given both environmental and commercial reasons.
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
I think it's sensible.
I wasn't involved in the decision, but I think it's the right decision.
12:35 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
Yet, your company has invested billions of dollars in oil companies in both Brazil and the UAE to buy pipelines. You bought billions of dollars of pipelines as a company in the last five years.
Do you support those investments?
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
Mr. Poilievre, there is a global energy system, and one of the issues.... I'm trying to explain a bit how the economy works.
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
Well, it may help.
One of the issues for this committee in thinking about a sustainable transition is—
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
—where Canada's role is in those as energy transitions from fossil fuels to renewables.
Different jurisdictions and different geography matter. This is a fundamental point.
12:35 p.m.
Conservative
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
You're finally getting to a point that is relevant to this committee's inquiry, which is what is the transition—
12:35 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
What you're saying is that you oppose pipelines in Canada but you support them in the UAE and in Brazil. That's what you've actually said.
12:35 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
You make billions of dollars off foreign pipelines and you shut them down here at home, putting our people out of work.
12:35 p.m.
Vice-Chair, Brookfield Asset Management Inc.
Mr. Poilievre, I would remind you that you are a representative of the Canadian people. One of your responsibilities, including at this committee—
12:40 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
One of them is to fight for Canadian jobs, not foreign jobs, like you are.
12:40 p.m.
Vice-Chair, Brookfield Asset Management Inc.
Exactly. It's to fight for Canadian jobs, and the types of Canadian jobs that are durable and are going to move forward.
12:40 p.m.
Vice-Chair, Brookfield Asset Management Inc.
I grew up in Alberta. I know the innovative nature of that energy industry.