Transport committee  Thank you for the question. There are two basic ways. Ms. Vrooman was hinting toward this in her comments and her opening remarks. There are two simple ways. One is getting more infrastructure under way in our country and closing that deficit. We measure it in our flow of dolla

Transport committee  The impact of those things is where you really.... That's where infrastructure goes from concrete and steel to a benefit to Canadians. That's correct.

Transport committee  No, to be very clear, the growth plan was very much a plan of the CIB's board and its management team, developed over the course of April until September 2020. From my review of the records, McKinsey provided important insight into that, but it is not theirs to develop—that's m

Transport committee  That's correct.

Transport committee  Yes, I'm sorry. Just to be clear, Chair, the member's question said, “you were hired to”. I just want to be extremely clear—

Transport committee  I was at Infrastructure Ontario—

Transport committee  This is an important question. To be clear, those exact ISPs are our partners in our infrastructure projects. I absolutely agree that those projects would not happen without our partner, large and small ISP operators, that we're investing in, because we're making loans. We're no

Transport committee  Thank you for the question. They certainly provided input to the growth plan. For context, in October 2020, the growth plan was CIB's effort to accelerate investment in light of the COVID-19 pandemic, in light of the increasing focus on green infrastructure, and in light of the

Transport committee  As I was just outlining, the lens that the work was done through in the spring of 2020, was how could turbocharge its investment activity? I say “we” in the royal sense, as it predates me. So, how could the CIB turbocharge its investment activity, and do that in light of the ra

Transport committee  I appreciate the question. If it's all right, I'll start and then maybe Ms. Vrooman will have comments. I think she has a unique view of this as our chair. I'll just say that infrastructure is the stuff. It's a funny word, isn't it? It's a pretty amorphous word. It's the stuff

Transport committee  In the medium term, we were going to be importing energy that would be less carbon intensive than using gas to fill baseload in Ontario. That was our analysis.

Transport committee  The analysis is proprietary. As I mentioned, we hired a third party firm to develop models with us—

Transport committee  For sure, and we try to be really transparent. If you go to our website, for every investment, you would find the thesis for why we made the investment. But to answer the member's question, Mr. Chair, we try to be as open as possible, so if it's the will of the committee, I'm

Transport committee  The chair of my board's here, so I can turn it to her momentarily. Just factually, the board did approve the investment initially, so the premise of what happened, just to reframe this... I'll pick up on where you ended your questioning the last time, when you asked why we didn'

Transport committee  In that time frame, one important thing happened, which is that the supply chains in our world went pretty haywire. Cost escalation in the project was quite significant, and the cost of the project.... Both we and the private sector operator, ITC, deemed that, given the cost incr