Mr. Speaker, on September 30, 2016, the NAFTA Chapter 11 tribunal constituted to hear Windstream v. Canada issued its final award, which awarded the claimant, Windstream Energy LLC, $25,182,900 in damages and $2,912,432 in costs.
This award is but a small fraction of the damages requested as the majority of the company’s claims were dismissed by the tribunal. Post-award interest, as agreed to by the parties, is also payable. The public version of the award is available here at www.pcacases.com/web/sendAttach/2036. The Government of Canada is currently in consultation with the Government of Ontario with regards to payment details.
This dispute represents a very small portion of the billions in investments that Canada attracts and the billions that Canadian companies invest abroad.