Mr. Speaker, like all TPC applications, this application was reviewed in detail by officials and it was decided only after an examination of the prospectus that it was a good investment for the public interest.
There is broad support for our goal to make Canada among the top five nations in the world for research and development. Right now we are number 14 in OECD. We are not going to get there unless we, like other countries, provide investments in industries and in businesses that create new knowledge and bring new products to the market. This is an example of that. It is done by all civilized countries. We are not going to get left behind.