I'm going to ask you—
Evidence of meeting #147 for Public Accounts in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.)
A video is available from Parliament.
Evidence of meeting #147 for Public Accounts in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.)
A video is available from Parliament.
Founder and managing partner, Cycle Capital Management, As an Individual
I think that the Auditor General made a good—
Conservative
Kelly McCauley Conservative Edmonton West, AB
I'm going to move on.
You were co-founder of Ecofiscal, I think.
Founder and managing partner, Cycle Capital Management, As an Individual
It's Ecofuel.
Conservative
Kelly McCauley Conservative Edmonton West, AB
You were co-founder of Ecofuel in Quebec—another organization that I see received once—and you were co-founder with Minister Guilbeault, I understand.
Founder and managing partner, Cycle Capital Management, As an Individual
No, that's false. I'm a co‑founder, but not with Steven Guilbeault.
Founder and managing partner, Cycle Capital Management, As an Individual
Let me help you.
Écotech Québec is a not‑for‑profit organization. I'm a co‑founder with two entrepreneurs. Steven Guilbeault isn't among them.
Conservative
Kelly McCauley Conservative Edmonton West, AB
Once the Liberals came to power, the amount of money you received for that program increased by 350%. One of the notes that I'm reading from the grants and contributions is that it's the duty of the recipient to reallocate or redistribute the grants or contributions to third parties.
Could you provide to this committee who you redistributed or reallocated the $3 million to? I don't need it right now, but could you provide that in writing?
Founder and managing partner, Cycle Capital Management, As an Individual
I don't understand who was given the $3 million. Can you tell me?
Conservative
Kelly McCauley Conservative Edmonton West, AB
It was to Écotech Québec. I have it straight from the Treasury Board.
It was $3.146 million, actually.
Founder and managing partner, Cycle Capital Management, As an Individual
Okay.
Écotech is a not‑for‑profit organization that I co‑founded with a group of entrepreneurs.
Founder and managing partner, Cycle Capital Management, As an Individual
Écotech has a board of directors of over 20—
Conservative
Kelly McCauley Conservative Edmonton West, AB
However, as is clear in the contribution agreement, you were required to redistribute or reallocate the monies that you received to third parties.
Founder and managing partner, Cycle Capital Management, As an Individual
Écotech doesn't distribute money, Mr. McCauley. It fuels the ecosystem.
Conservative
Kelly McCauley Conservative Edmonton West, AB
It's right in the grants and contributions requirement that the Treasury Board—
Founder and managing partner, Cycle Capital Management, As an Individual
That has nothing to do with SDTC.
Conservative
Kelly McCauley Conservative Edmonton West, AB
Let me finish.
It's directly from the grants and contributions website published by the Treasury Board. It is the duty of the recipient—yourself—to reallocate or redistribute the grants or contributions to third parties.
Founder and managing partner, Cycle Capital Management, As an Individual
Conservative
Kelly McCauley Conservative Edmonton West, AB
Are you saying that the Treasury Board is incorrect in this posting? This is right from its website.
Founder and managing partner, Cycle Capital Management, As an Individual
I was a founding volunteer member of Écotech Québec. I don't understand. It's volunteer work, Mr. McCauley.
Conservative
Kelly McCauley Conservative Edmonton West, AB
I'm not sure that you quite understand some of our concern. We have the Auditor General pointing out a lot of conflict. We have the Treasury Board stating money that went to your foundation and that is supposed to be passed on to other groups, and you're now saying—
Founder and managing partner, Cycle Capital Management, As an Individual
It isn't my foundation. It's the foundation of Écotech members.
Conservative
Kelly McCauley Conservative Edmonton West, AB
Ma'am, please let me finish.
Do you understand Canadians' concerns? Canadians are lining up at food banks in record numbers. They're having difficulty getting by day to day.