Fund will be used to finance construction of major projects of national interest

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[–] 76 points 6 months ago (6 children)

In principle, a sovereign fund is a fantastic idea that we should have done long ago.

In the specifics, I'm a bit concerned about how it's being set up, because I don't trust that "major projects of national interest" won't be narrowly defined as "fossil fuel infrastructure".

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  • [–] 23 points 6 months ago

    There's a few other projects that are big ticket items that there would need to be federal money for. Thinking things like the Toronto - Quebec City high speed rail, the port expansion at Churchill, the space launch site in Nova Scotia. Pretty sure the major port in BC (the container port, not the LNG/oil one) is looking to expand too. Then there's the Ring of Fire mining projects in northern Ontario. That would for sure involve the federal government, since it touches the "critical minerals" issue and directly involved Native relations.

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  • [+] -9 points 6 months ago (4 children)

    I just figured it was to funnel money to Liberal Party donors as usual.

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  • [–] 10 points 6 months ago* (3 children)

    Your downvoters must have already forgotten about the 'Green Slush Fund' (Sustainable Development Technology Canada (SDTC) program) the one that the Liberals refused to reveal the details of where the billion dollars went even after Parliament demanded the books be opened. Eventually the Auditor General found that Liberal appointees to the fund gave $400 million tax dollars to their own companies, involving 186 conflicts of interest. We call this Green Slush Fund for a reason. Imagine how much more accountable they'll be with 30 billion.

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