Mr. Speaker, a Boston hedge fund wants to come up to Canada and destroy 2,500 acres of prime farmland and natural habitat in Dufferin county by creating one of the largest open pit mines in Canada.
This megaquarry would stretch three miles across and plunge 200 feet deep, a drop bigger than Niagara Falls. It would impact the Nottawasaga and Grand River watersheds that provide drinking water for one million Ontario residents. It would pump 600 million litres of water a day. That is almost the same amount of water used by almost 20% of Ontario residents.
The Suzuki Foundation and local conservation authorities have expressed concern.
This is an environmental disaster in the making. We need a federal environmental assessment. We also need a federal panel to review the environmental effects on the transboundary waters of Lake Huron and Lake Erie.
These American hedge funds destroyed Wall Street three years ago. Now they want to come to Canada and destroy a beautiful piece of southwestern Ontario. They must be stopped.