Leslyn Lewis at the Transport, Infrastructure and Communities Committee

On October 4th, 2023. See this statement in context.

October 4th, 2023 / 7:35 p.m.

Conservative

Leslyn Lewis Conservative Haldimand—Norfolk, ON

Thank you, Mr. Chair.

Minister, I want to ask you about one of the bank's projects that I find particularly concerning. The CIB has offered $38 million to KingSett Capital, which is the owner of the Fairmont Royal York hotel in downtown Toronto, to retrofit the building and make it net-zero. Why does the CIB need to fund KingSett Capital, which is a private equity firm that has $17 billion in assets?

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