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View Elizabeth May Profile
GP (BC)
View Elizabeth May Profile
2020-01-31 12:56 [p.777]
Madam Speaker, I am pleased to see that my friend from Sherwood Park—Fort Saskatchewan grasps chapter 11. I am certainly thrilled that it is no longer in NAFTA 2.0, or CUSMA, or whatever we are calling it.
In experience and theory, I hear what the member is saying about how it would have protected Canadian companies against unfairness from U.S. governments. However, we have an empirical track record and a history showing that when Canadian companies brought forward these chapter 11 cases in the U.S., they virtually always lost. On the other hand, when U.S. companies such as Ethyl Corporation from Virginia, SD Myers of Ohio, AbitibiBowater or Bilcon brought charges against Canada, they succeeded in cases that were fundamentally anti-democratic and against what Parliament had decided was best for Canada.
I cheer the removal of chapter 11 from NAFTA.
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