Mr. Speaker, our top priorities are jobs and the economy. Today I am announcing that the government and U.S. Steel have come to an agreement that ends the court proceedings.
Under this enhanced agreement, U.S. Steel has committed to continue operations in Canada until 2015, $50 million in capital investments above its original undertaking of $200 million and a contribution of $3 million toward community programs in Hamilton and Nanticoke.
When it comes to foreign investment and a company makes an undertaking, we will ensure it is respected.