Mr. Speaker, with respect to part (a), no funding has been provided by the Canada growth fund, the CGF. Implementation of the first phase of the CGF is currently under way. Initial capitalization for the CGF was provided in Bill C-32.
With respect to part (b), the CGF will make investments that catalyze substantial private sector investment in Canadian businesses and projects to help transform and grow Canada’s economy at speed and scale on the path to net zero. The CGF will determine which businesses and organizations will be the recipients of this financing, and it will apply rigorous criteria to each investment it makes.
Finally, with respect to parts (c) and (d), the CGF will make investments that catalyze substantial private sector investment in Canadian businesses and projects. Among the CGF’s investment selection criteria will be long term benefits for Canada. Investments must have a reasonable chance to strengthen the development of Canadian human capital and knowledge and generate follow-on, long-term benefits for Canada beyond those realized by the specific investment. Potential long-term benefits could include activities done in Canada, the development or use of Canadian intellectual property and the creation or strengthening of Canadian value chains.