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2014-12-04 [p.1902]
Mr. Christopherson (Hamilton Centre), seconded by Ms. Charlton (Hamilton Mountain), moved, — That, in the opinion of the House, the government should: (a) apologize to the people of Hamilton for approving the 2007 foreign takeover of Stelco by U.S. Steel, on the grounds that it has failed to provide a net benefit to Hamilton and Canada; (b) make public the commitments U.S. Steel agreed to under the Investment Canada Act in respect of the acquisition of Stelco Inc. in 2007, and the 2011 out-of-court settlement, concerning employment and production guarantees and maintenance of the employee pension system; and (c) take immediate action to ensure pension benefits for the 15,000 employees and pensioners remain fully funded and protected, including amending the Bankruptcy and Insolvency Act and the Companies Creditors Arrangement Act to protect worker pensions in the event of bankruptcy. (Private Members' Business M-537)
Debate arose thereon.
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