Applying a climate lens to funding from the Asian Infrastructure Investment Bank

On Wednesday, November 29th, 2017 in Debate, Parliament

Elizabeth May

Madam Speaker, I rise because I am disappointed that we are once again seeing time allocation.

This is a very large bill and much here that I would like to study more. As the Minister of Finance will know, I voted for the bill going to committee. I think there is much in here that is really quite encouraging and positive. However, in the debates at committee, it was drawn to my attention by the member for Carleton that the Asian Infrastructure Investment Bank could indeed fund potential infrastructure investments that go against our Paris accord commitments.

Could the Minister of Finance assure this House, as the bill is rushed through, that Canada will apply a climate lens to the funds we provide to the Asian Infrastructure Investment Bank?

Bill Morneau Minister of Finance Canada

Madam Speaker, I first want to acknowledge the member opposite, who did not vote to shut down debate yesterday like the Conservative and New Democrat members did. What I would say to her is that we are of course very pleased to be making investments in the Asian Infrastructure Investment Bank. What we do by making investments there is get a seat at the table. As she knows, we have a significant goal of trying to make sure that our efforts to improve the changing climate around the world are considered in everything we do. With that seat at the table, we will certainly be talking about our government’s initiatives to improve our environmental practices, and be a voice for encouraging that activity in other parts of the world as well.

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