Madam Speaker, I am pleased to have the opportunity to have little more time to speak on our motion today. Heaven knows there has certainly been enough fodder going around throughout the day that I will be able to reply to a good number of points.
The New Democratic Party and the majority of Canadians want to see responsible investments through the Canada pension fund. The majority of Canadians, if not a very large majority, absolutely support the Canada pension plan. In most cases, it is the only pension that a good number of Canadians will receive because they have not made the dollars to put additional money into RRSPs. It is the pension of choice because it is the only pension there for them. They may receive CPP and then OAS on top of it simply because of the nature of the dollars they are going to receive.
We strongly support the Canada pension plan. As a result we want to see it survive. We do not want to see it wiped out.
In no way would we suggest that we put in place an investment policy that would not support the pension plan. That is foolishness. I can tell the House that even though my colleagues in the Conservative Party will say that the NDP is tax and spend and waste money, the reality is not so.
I suggest that those members get back to their history classes and do some real studying on exactly how the debt has been incurred. The debt was not put there by the New Democratic Party. They need only look at the federal government and the fact that Liberals and Conservatives have been the governments, and we are in debt. It was not because of the NDP.
I say to them that they should be reasonable in their assessment of things and be honest with Canadians because it is not accurate. Where we have been at fault, we will accept responsibility. However, on the whole tax and spend attitude and the wasting of taxpayers' dollars, it is just not the case. I want Canadians to understand that we do not want to see a problem with the Canada pension plan. We want to see it supported.
There is documented proof that ethical funds could be profitable. In the documents prepared by the Library of Parliament with regard to the Canada pension plan, ethical funds can be supported. It summarizes the fact that they do not make any more money or do not lose any more money than investing otherwise. Therefore, it is possible to have ethical investments.
I know we can get into arguments about what is ethical and what is not, what is based on religious views, and what is based on one person's interpretation of a social justice or a social conscience issue. However, I am sure that we can come to an understanding as to what is okay to invest in and what is not. In those areas where we do not come to an understanding, then we do not go that route.
We recognize that pension dollars should not be invested in companies that are producing landmines. We have a treaty that says we should not be doing that. It is reasonable to suggest that we should not be investing in companies that use child labour in other countries.
I would like to think that we do not have child labour in Canada, but heaven forbid, if that were the case, I would hate to see money invested there. Certainly, in other countries where it is hard to control those things, it does happen. If we know it is happening, then we should not be investing in those companies.
One of my colleagues said that when Talisman moved out of Sudan, it moved under pressure because its stocks were dropping. A company is there now and we do not know what it is doing. Here is the reality. We do not know what it is doing but the Canada pension plan could be investing in that company. Does that seem reasonable? Talisman moved out because it was getting pressure, but somehow it is now okay for the Canada pension plan to invest in a company that might be doing the same thing. I am not suggesting it is, but if the proof were to come out, would we be saying that it is okay? I do not think that is acceptable.
I mentioned earlier that cloning is not allowed in Canada. There is a law against cloning; however, we have the Canada pension plan investing in companies that are doing cloning. How is that right? What about a situation where we do not allow the sale of organs within Canada and we have a company in China that is organizing the sale of organs, should Canada's pension plan be able to invest in that company?
Those are the things we are talking about. We are not for one second suggesting that just because I, as a New Democrat, have certain issues with a particular company that there should not be any investment. That is not the case. We generally know that there are some companies out there that are doing illegal things.
Wal-Mart comes to mind. Wal-Mart, in the U.S., knew that it had a number of illegal workers working in its stores. There is proof; it was in the papers. It was documented and investigated through the immigration department in the U.S. which laid charges. It found that Wal-Mart had up to 300 workers who were not registered workers in the company. That is a wonderful company, right?
It is a good, community-minded company here in Canada, supporting teams and handing out Mac certificates. However, it had 300 illegal workers that it was hiring on contract through private firms and paying them less than the minimum wage. Wal-Mart knew and there is documented evidence. Should the Canada pension plan be investing in Wal-Mart? It does not have to, of course. Wal-Mart makes a fortune even though it has been criticized at some point for using products that come from unscrupulous areas and people make a conscious decision whether or not they are going to support Wal-Mart, or whoever.
That is just a general example, but we know that there are companies that are doing things wrong and they do not respond to public pressure. I do not see anything wrong with suggesting to members that if we want to know whether or not Canadians support it, we should ask them. We should ask them to indicate it.
We do tax assessments every year and StatsCanada does surveys. I just went through another StatsCanada three-quarter hour long phone call. We all kind of cringe and I will cringe even more when Lockheed Martin will be doing them. I may not even do it then, but I sat on the couch and did the StatsCanada survey. Maybe we should ask Canadians if they think their pension plan dollars should be spent in ethical investments. Do they think it is okay to invest in companies that build landmines? Do they think it is okay to invest in tobacco companies that are using the tobacco to encourage smoking?
A colleague from across the way, the member for London--Fanshawe, suggested that the situation in Mexico was much better, that we had criticized the Maquiladoras and the whole bit, and somehow it was much better for Mexican workers. I have spoken to those workers and it is not better. There may be more jobs out there and maybe more people are working in some rather nasty situations, but overall, it is not better. There have not been great improvements in South America either. That is why some countries in South America are not open to this whole trade deal because they are concerned about it.
A comment was made about members of the Canada investment board and that these are credible people, people who know about investments and business, and about doing the right thing. They are business minded people. Well, the executives of Enron and Worldcom were business minded people and what did they do? What did those really credible businessmen do who were above reproach because they were executives and business people who knew about investments? They ripped off pensioners. No one is above that. Values and principles are important; ethical investments are important. It is not okay to be doing that. Canadians expect more.
I say to my colleagues from the Conservative Party, they swear up and down that everybody just wants to make a buck out there. The people I know would be sickened to know that their pension dollars were supporting some of the things we talked about here today.
People would be sickened to know that their pension dollars were supporting a company that, in this day and age, locked in its employees, that the place burned down and the employees were killed. Those things are still happening. We do not see it as we sit here in Ottawa and maybe we do not see it in Thompson, Manitoba, but I can say that it is still happening in some places, and possibly even in Canada. It is not acceptable.
We hear of the stories in other countries. We hear of the child labour, of young people pulled into prostitution and used in certain areas. A company could somehow be tied to that and is involved in pornography and that is okay? Are my colleagues from the Conservatives saying that it is okay that the Canada pension plan should invest in those companies if we know that they have been tied to this?
They are criticizing us for discussing this issue today because there is a really important issue out there and darn tootin' it is important. It is important that the government had a situation where taxpayers' dollars were being misused to the tune of hundreds of millions of dollars; darned right it is important. It talks about an unethical approach, an approach with no values. It talks about no principles, using taxpayers' dollars without recognizing that people work day in and day out to make those dollars, to support their country and all the things we believe in.
We are being criticized because we are discussing this today because we want the support of a pension fund for ethical reasons. We have suggested different ways. We are not suggesting for one second that the plan be set up so that it would lose money. We do not want that. We support the plan wholeheartedly. We would never for one second suggest that we invest so that money is lost and we are not able to support the pension plan.
I would challenge the House, the government and my colleagues over there in the Conservative Party to look at what the investment would be if we invested in our communities instead of going into private partnerships with companies to make money off of building our roads, schools and hospitals. How about using those pension funds and maybe putting the dollars back into the pension fund instead of using a private company? Let us put it back. Let us make an investment in Canada. In that way we would get the work done as well and the taxpayers would not constantly be ripped off for more money strictly for profit rather than a commitment to our nation.
Our country was built because someone had a vision and said we would work together and that we would make it work. Somewhere along the way it was decided that we had to be able to make a profit off everything, that if we could not make a profit from it, it should not be allowed.
Now there is this push where hospitals will be built by private companies. We are going to pay to use the hospital and pay for privatized services because somebody wants to make a profit from health. We have a wonderful health system in Canada, a system that is viewed by people throughout the world as what they want. They want it because we have the best system where dollars are not wasted on excessive administration, on HMO costs and all those things.
Should we sell that out because some company is not able to make a profit by providing those services? That might be one of the values of the Conservatives, or of the government because I have not heard the Prime Minister say that he is going to oppose for profit health care. I have not heard that come out of his mouth but I hope Canadians have him commit before the next election. I hope they say, “Let us hear it once and for all Mr. Prime Minister. Do you support for profit health care, making a profit from someone's ill health?”
That is not what we are about. I am not going to feel any shame that I do not think it is okay to make a profit from ill health. I read a saying once that we rationed health care in Canada based on need and in the U.S. it was rationed based on greed. That is what it is about. It is about providing services for profit as compared to working together to provide it because people need it. That is what is important.
I hope my colleagues who have listened to the debate throughout the day will take the time to see that this is not just the NDP saying that it wants an ethical investment and it does not want an investment in this or that and it is just willy-nilly flapping all over the place without having checked into the facts. Ethical funds can be profitable.
Most investment companies will have an ethical segment. There are some people who, when they go to get their RRSPs, not even their CPP, will ask if the company has an ethical package. If the company does not, they may then decide to put their RRSP funds elsewhere.
There are people who maybe do not have to make a huge profit off their investment because they already have the tax deduction, so they are okay with not investing if it is not ethical. People can make those choices. I think people should have the right to make the choice.
If we went to the people who have paid into the Canada pension plan, or if Statistics Canada did a survey and found that 85% or 90% of Canadians wanted ethical investment, would it not be worthwhile to listen to Canadians? We listen to them in the polls. It is so important that we listen to everything that comes out in the polls. Why not listen to what Canadians tell us about ethical investments?
I come from western Canada and I will challenge my colleagues in the Conservative Party that the people in Saskatchewan, Manitoba, Alberta and B.C. will not think it is okay to invest in landmines. They will not think it is okay to invest in pornography. They will not think it is okay to invest in tobacco companies that induce children to smoke. I think they would be ashamed to hear their elected representatives say that it is okay to do that because they just want to make the most profit possible on the pension plan, without considering anything else. There is more to life than the dollar.
We benefit overall from having a clean environment and other services. In the costing of it, we probably ultimately would save money. I am quite comfortable in saying that. I would challenge anyone to show me differently. I would challenge them to show me how investing in our future, in a clean environment, in healthy living, how that would not ultimately save us money as a country. It is not okay to just say it is an NDP issue and we are not going to listen to it. This is an important issue.
I was involved in the last discussions when changes were being made to the Canada pension plan. We pushed for having an ethical screening within the Canada pension plan. We tried at that point and did not get anywhere.
My colleague from Winnipeg Centre mentioned that it is not a matter of saying we cannot invest in anything. It is about changing a few guidelines and giving more flexibility. Right now even if the Canada Pension Plan Investment Board wanted to invest ethically because it saw that as a more important factor than investing in a tobacco company that was seducing children, the board could not do that because it would not get the best return on profit.
I watched a program years ago. It could have been just a show that was made up, but it talked about World War II and how the British were somehow investing in the rockets the Germans were going to use to attack the British. It always stuck in my mind. That is the kind of attitude I am hearing today from my colleagues in the Conservative Party who say we cannot have an ethical screening if we are going to make money and we are only going to worry about making money. That is the extent of it, not the fact that it is going to be detrimental to our nation, or the world for that matter.
It is crucially important that we go beyond the rhetoric. I am not suggesting, nor are my colleagues in the NDP suggesting, that there be no profit from the Canada pension plan. We want to see it profit because we need those dollars to provide the pensions that we so rightly believe in for the majority of Canadians who only have the Canada pension plan. That is what we want to see happen.
I would encourage my colleagues to go beyond that. It may not seem important today, but in the future it will be. It will be important if we hear of a situation where the Canada pension plan has invested in something and it comes around and bites us in the butt, because that is the reality. I would encourage people to go beyond the rhetoric and get on with supporting a very good motion.