Transport committee  I'll maybe clarify this first. The reduction in greenhouse gas emissions actually occurred in both exports and imports. Let me talk about why. In our modelling, the Ontario grid goes through a period, especially once the nuclear plants—which provide about half of the energy in

Transport committee  Thank you, and I appreciate the question. The only thing I'll add to the earlier part of the member's comments is, as I mentioned in my opening remarks, is that we know right now of 28 other versions of infrastructure banks around the world. I talked to colleagues in Scotland,

Transport committee  I can't answer that question with certainty. That was right near the start of my time. My recollection is that they approached us first, but I would have to confirm that, if I may.

Transport committee  That's an excellent question. Thank you for that and the chance to respond. The infrastructure deficit in our country is such that if we want to build long-run assets, new transmission across our country, new forms of clean energy across our country, such as my electric vehicle

Transport committee  There are two things I would say about that. One, we would always start—and did in the case of the Lake Erie Connector line—with a discussion with the electricity system operator. In that case, it was the IESO in Ontario. The IESO approved the project and signed a contract to mov

Transport committee  Agreed.

Transport committee  The IESO agreed with the analysis that it would reduce emissions, yes. To answer that part of the question—which goes back to Dr. Lewis' question from earlier—we hired an external adviser, a consulting firm, that understands power markets to do a modelling exercise for us of a wh

Transport committee  Thank you. No, I don't think I agree with the premise of the question. From my understanding, first of all—and Mr. Barton is someone you can ask that question of directly—I don't think he would claim that the Infrastructure Bank was “his idea”. As I said, it's in fact an idea th

Transport committee  Thank you. In my work at McKinsey, as the member mentioned, I was there for over a decade. I did work in infrastructure, minerals, mining and energy, and in the public sector. I worked for provinces, both Ontario and Saskatchewan. I did some consulting— even for the federal gove

Transport committee  Thank you, Member. Thank you, Chair for the question. I think it is an important one to discuss. As I was describing in one of my earlier answers, fundamentally, what we're trying to do with our lending—and it is, as I said, all in the form of loans—is to make projects happen

Transport committee  This is a really important question, Mr. Chair, and I appreciate it. Infrastructure is truly an investment, and I think that word gets overused, but infrastructure truly is that. Spending money to upgrade water and waste-water treatment facilities, for instance—as the member as

Transport committee  That's correct.

Transport committee  Thank you for the question. Thank you. I appreciate taking us back. I think that's the right context to start from. In fact, from my understanding, the concept of an Infrastructure Bank first appeared—and again, this is from the public record because I wasn't there at the time—

Transport committee  Thank you. I appreciate the question, Mr. Chair. As Tamara outlined in her comments, you have to start from the deficit we face in our infrastructure across the country. The reality is that there is no one solution to that level of deficit. It's going to take all the tools in th

Transport committee  That's right.