Madam Speaker, at the end of the day, we need to look at what the Conservative Party is saying about the Canada Infrastructure Bank. We have now had two of its members say they want to abolish it. They are making it clear and reinforcing that fact. They believe that the Canada Infrastructure Bank is a bad idea.
Members are saying, “Yes, it is.” That is what I mean about their being so reckless when it comes to what the interests of Canadians really are. Do Conservatives have any idea that we are talking about 46 projects all over Canada? The government has committed just under $10 billion, and the Conservatives are going to throw it away. They say it is garbage and it is not necessary.
Do members know that the $9.7 billion has now accessed an additional $20 billion from the private sector? That is an incredible amount of money. The Conservatives say there are no projects, or they will qualify it and say there are no projects that have been completed. When we spend billions of dollars on projects, they do not necessarily happen overnight, but there are 46 projects well under way, including projects in the home provinces of the two people who rose to speak on the concurrence report. The projects are going to make a huge difference, but the Conservatives want to get rid of the Canada Infrastructure Bank.
This goes back to Stephen Harper, who never really believed in investing in Canada's infrastructure, nowhere near to the same degree the government has. From day one, the government has been focused on Canada's middle class and those aspiring to be a part of it, and on supporting individuals in need. Part of recognizing how we are going to do that is by investing in our economy through the creation of jobs, through the development of trade agreements and through bringing forward a higher standard for infrastructure spending. No government in the history of Canada has spent more money on infrastructure, because we recognize that to have a strong Canada, we need to invest in infrastructure.
With the billions of dollars we spent and invested in infrastructure, we also had an add-on with the Canada Infrastructure Bank, which the Conservatives across the way like to mock. They now say they want to abolish it completely. Even in my home province of Manitoba, there are infrastructure dollars from the bank going toward the Internet to modernize and to make sure that rural Manitoba is connected. On the one hand, the Conservatives are critical, saying we are not doing enough on rural connectivity, even though we are doing more than Harper did. Then, when it comes time to invest in the infrastructure, they are saying they do not want that infrastructure and they are going to cancel the Infrastructure Bank.
The Conservatives have no idea what they are talking about. It is almost as if they walk into their back room, talk to their leader, who gets a bright idea, and then make the decision that common sense says infrastructure is bad. Why is it bad? They need to explain that to me. We invest and see $27 billion going toward Canada's infrastructure on projects that will have a profoundly positive impact, yet common sense, according to the Conservative ideology, says it is bad. That is why I was talking about the Homer Simpson award. It is incredible. I do not understand it.
When I first found out we were going to be talking about another concurrence report, the first thing that came across my mind was not necessarily to talk about the subject matter; it was to talk about “Here we go again with the Conservative Party's trying to filibuster legislation.”
It is legislation that is so critically important, yet they always use concurrence motions to prevent legislative debate. Let me give members an example. The day before yesterday we were talking about trade agreements. There is a lot of infrastructure necessary in Ukraine. It is a very important deal. It is infrastructure that Canada has a great deal of experience with, and it is part of that trade agreement.
Let us talk about the two days of solid hours of debate that takes place, something we all support, although maybe not. I should not say that. Do members remember when the member for Cumberland—Colchester said that Canada is taking advantage of Ukraine at a time of war and asked why we even have this piece of legislation? He even described it as being “woke legislation”.
This was after the President of Ukraine came to Canada to sign an agreement, which has so much power with economic ties and messaging on the war, and a huge part of it is dealing with infrastructure. I do not know why, but Conservatives are once again trying to be mischievous. On the one hand they say they support Ukraine, and then they do something like this. I asked if we could pass it by Christmas, and they waffle. Now we are on another piece of legislation, and they are using that tactic again.
When I came here I was not expecting to talk about the Infrastructure Bank, although I have a lot more to say on it. Rather, I was expecting to speak to legislation dealing with the Investment Canada Act, Bill C-34, which is very important. When we think of infrastructure, we have to recognize that it is so badly needed in many of our communities. Having the Infrastructure Bank is, at least in good part, meeting many of those demands and getting things to market.
We are supposed to be talking about foreign investment coming into Canada today, a modernization of the act from 2009, because a lot has changed since then. We are supposed to be talking about ensuring that the minister has a national security review of the transactions that are taking place. Today, AI is something that is very serious. When we take that into consideration with international investment, I always thought Conservatives would be concerned about that. However, once again today we see, through the moving of this concurrence motion, that they are saying no. They are not being sensitive to issues such as technological advancements, AI and the impact it is having on international investments into Canada. Canada welcomes international investment, but we have to make sure that we have things in place to modernize the act, whether it is in respect to the minister or other processes, to protect the technology and our industries. That is what we are supposed to be talking about today.
Instead, Conservatives have brought forward a motion on the Infrastructure Bank. Given their position on the Infrastructure Bank, I hope that either the Bloc or New Democrats will bring forward an opposition day motion to seek clarification. I would like to see the leader of the Conservative Party backtrack on the issue of the Canada Infrastructure Bank. If he really believes in building a stronger or healthier Canada, this reckless policy of getting rid of the Canada Infrastructure Bank is the wrong way to go.
The Leader of the Opposition needs to understand that investments in infrastructure matter. I could go through the 46 projects there, even though the Conservatives want to spread inaccurate information. We can read what they have said in their speeches, just in the introduction. They tried to give the false impression that the Canada Infrastructure Bank is doing nothing, that there are no jobs because none of the projects are actually completed.
What about the hundreds, potentially thousands, of jobs, both direct and indirect, that are already in place, with people working today, because there are 46 projects under way? Some will be completed sooner than others. Some will make a huge difference for the environment.
I am thinking about the community of Brampton. A number of months ago, when I was looking at the Canada Infrastructure Bank, there was talk of an investment to electrify the public transit buses. I do not know exactly where that is today, but I can assure the House that it is making progress. That is not the only public transit in Canada that has accessed the Canada Infrastructure Bank, and that is a good thing.
I understand some members in the Conservative Party do not necessarily care about the electrification of vehicles. I suspect that includes buses. Rather, they are trying to play up the myth that we are going to see cars blowing up or catching on fire because we have too many electric vehicles, and it is such a small percentage overall of the population. It is that whole tin hat syndrome, which they tend to have.
It is something—