Mr. Speaker, with regard to the government's dealings with U.S. Steel and in response to (a) specifically, the Government of Canada, in its application to the Federal Court, sought remedies directing U.S. Steel to comply with certain written undertakings as well as imposing a penalty of $10,000 per day, per breach of the relevant undertakings, which is one of the possible remedies listed in section 40 of the act. The application did not include any claim for monetary damages.
In response to (b), the Minister of Industry made a statement on December 12, 2011, (http://www.ic.gc.ca/eic/site/ic1.nsf/eng/07011.html, indicating that under the settlement, U.S. Steel committed to continue to produce steel in Canada; operate at both Lake Erie and Hamilton until 2015, generating continued economic activity; make at least $50 million in capital investments to maintain the Canadian facilities by December 2015, over and above its original undertaking to invest $200 million by October 2012; and make financial contributions of $3 million toward community and educational programs in Hamilton and Nanticoke.
With regard to (c), see the response to question (b) above for the terms of the settlement. With respect to pensions, U.S. Steel will continue to carry out its original undertaking to guarantee pension funding obligations for the pensions of some 15,000 current and retired employees. Since it acquired Stelco, U.S. Steel indicates that it has made contributions of $368 million to its Canadian employees’ pension plans.
In response to (d), the settlement provides for steel production in Canada; operations at both Lake Erie and Hamilton until 2015, generating continued economic activity; and at least $50 million in capital investments to maintain the Canadian facilities by December 2015, over and above the original undertakings to invest $200 million by October 31, 2012.
With regard to (e), see the response to question (b) above.
In response to (f), this information is confidential.