Thank you so much for that.
We've heard from many universities, and most universities—either researchers, presidents or experts—all want more money. They are all starving. It's not just the 2 million Canadians who are starving and needing the food bank; it's universities that are starving for research. We're very supportive of not having a partisan approach to the picking of subject matters, but government is about choice, and it is a choice about what you invest in and where you invest.
All three associations and universities have a climate change department, and I have a list here of some the investments that Environment and Climate Change has made. I just can't think that governments pick winners and losers, and with regard to this list of things, I'd point out that if we are fortunate enough to form government, we're going to bring in a law that for every dollar of new spending—and perhaps that's on research—we have to find a dollar of savings.
I'm going to list off a couple of projects that Environment and Climate Change Canada has offered. Jump in at any time to say, "No, this is a project that should not go ahead", and we'd forego the reinvestment of those funds in facilities.
The first one we have is for Iron Ore Canada, and this one's $18,125,000. This is for the decarbonization of the iron steelmaking process for reducing fuel consumption and improving fuel efficiencies. This is a company that Rio Tinto owns 58% of. Their total asset cap is $103 billion, but the Canadian taxpayers paid $18 million to them. Once again, this is corporate welfare that Environment and Climate Change Canada has invested in, versus universities.
Another one is Glencore Canada Corporation, and it's$10 million for critical minerals and mining conversion to electricity. Once again, it's Environment and Climate Change. This is a company that had a $38 billion U.S. in equity in 2023, and we're giving them $10 million.
The next one is Copper Mountain Mine, for $3.2 million. It's the same idea; it is, once again, a for-profit organization that is getting funding that could be refocused for research at universities.
There's FCA Canada Inc., and that's $2.4 million. That's in Toronto. Once again, it's Environment and Climate Change Canada.
We have other ones. Etobicoke Casting Plant's carbon neutrality project, and that's $2.2 million, we—