Thank you, Chair.
Well, I think part of what we can do here, too, is to take a look at where these subsidies are going. We know that Volkswagen got subsidies. We know that Stellantis got subsidies. Let's take a look at what's happening within those companies.
Volkswagen, over in Germany, is going through a restructuring, with 4.4 billion dollars' worth of capacity cuts. While Volkswagen is cutting good-paying union jobs—not here in Canada, but around the world—this government is making sure that the executives are getting big handouts yet again.
For Stellantis, what's happening south of the border? Again, we have to take a look around the world to see what the context is. The United Auto Workers are filing unfair labour practice charges against Stellantis because of their desire to move their vehicle production into Mexico and out of the United States, which again would impact good-paying union jobs.
When you start to look at what some of the companies within the industry are doing, these companies are actually benefiting from Canadian subsidies. Meanwhile, they're doing all these things around the world that are having a negative impact on jobs, with layoffs while the corporate elites are getting paid big money. I think that is something that should be alarming for everybody around this table, regardless of which party they represent.
I don't know, there are a lot of.... There are a few other worrying trends. On China, for example, everyone's talking about how there are these great EVs being made in China. Well, what else is China doing? At one point, they approved 214 gigawatts of new coal-powered generation to stabilize their grid. Now, they're not bringing that much online. They've lowered that number a bit, but the fact remains that in one quarter alone they brought in 10 gigawatts of coal power to fuel their industrialized complex that they're building over there.
I think we have to take a look at the whole picture here when we talk about what's happening. In looking at some of these other examples around the world, I think there's a very compelling case for this committee to take a look at what's happening with the EV industry, particularly here in Canada. When you see the companies that we're subsidizing and you see what they are doing in other parts of the world, that should be worrying for Canadian workers and Canadian jobs, particularly if we're going to try to build out any kind of industry in this country, whether it's EV or not. We should look at what some of these trends are, and I think it's important that we look at what's happening with these companies.