Mr. Speaker, my colleague's question is very interesting. He is saying that I do not know the difference between the Canada Infrastructure Bank, or CIB, and the sovereign wealth fund the government is proposing.
It is difficult to really know the difference because the government itself does not know. It has not yet fully explained what the sovereign wealth fund will be used for or how it will work. However, according to the government announcement, their objectives are more or less the same. The difference lies in how the two mechanisms operate. One has $35 billion, and the other has $25 billion.
What is happening with the CIB's $35 billion? The investment objectives are based on policies issued by the government. There are guidelines regarding the investments the CIB should make. In the case of the sovereign wealth fund, the investments will be dictated entirely by the government because they will be decided by the Major Projects Office, which is administered by the Prime Minister's Office.
This is making things even less independent and more political. That is the reality.