Mr. Speaker, I heard my colleague on the other side say “responsible risk-taking”. Well, this was not responsible at all. It pushed a whole bunch of money into their friends' pockets along the way.
However, I am going to bring up one thing in particular. Export Development Canada will guarantee BMO loans to companies working to lower emissions. The Bank of Montreal, BMO Capital Markets, threw a whole bunch of money behind these companies, with zero risk. This is what is known as privatizing profits and publicizing, or making public, all the losses that these companies have, so profits are going to their friends and profits are going to the insiders, and the people bearing the cost at the end of the day are, of course, Canadian taxpayers.
I am asking the government again. EDC, Export Development Canada, funded all of this mess. It is a vast fraud, and I would like the government to explain how much it has lost through Export Development Canada in this electrification fiasco.