Mr. Speaker, today the Sierra Club announced that a coalition of 12 Canadian environmental organizations will be in Halifax during the G-7 summit later this week to urge G-7 leaders to keep their promise to review international financial institutions.
The coalition's five point plan includes a review of the policies and practices of the Bretton Woods institutions, a Tobin tax on speculators, ending world bank lending to environmentally and socially destructive megaprojects, measures to reduce multinational debt and the end to structural adjustment programs.
The draft G-7 final communique leaked last week shows the G-7 countries are interested only in protecting the interests of international speculators and investors.
It is the people's summit that will be discussing fundamental reform of the Bretton Woods institutions to move us toward a more stable, equitable and sustainable international financial system.
I congratulate the Sierra Club for taking the lead in this important initiative.