Q-736 , 45th Parliament, 1st session May 26, 2025, to present

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Asked by
Leslyn Lewis (Haldimand—Norfolk)
Date asked
December 9, 2025
Answered
January 26, 2026
Response from
Department of Finance
With regard to any actual, proposed or exploratory involvement of Brookfield Asset Management, Brookfield Infrastructure Partners or any of their subsidiaries or affiliates in activities, transactions, investments, guarantees or financial arrangements undertaken by the Canada Growth Fund since 2022: (a) what projects, investments or transactions approved by the Canada Growth Fund have involved Brookfield or any Brookfield-controlled entity, including, for each, (i) the project name and location, (ii) the amount of Canada Growth Fund financing, (iii) the financial instrument used (for example, equity, concessional capital, contract-for-differences, guarantee), (iv) the role played by Brookfield, (v) the expected rate of return or public benefit, (vi) any conditions, performance requirements, or de-risking provisions applicable; (b) has the government or the Canada Growth Fund had any meetings, correspondence, briefings or consultations with Brookfield related to industrial decarbonization, clean technology, hydrogen, carbon capture, digital infrastructure or energy-transition investments, and, if so, what are the details of each communication, including (i) the date, (ii) the officials present, (iii) the topics discussed, (iv) a summary of any documents exchanged, (v) any resulting action items or recommendations; (c) has the Canada Growth Fund or any federal department ever evaluated Brookfield as a delivery partner for large-scale blended finance vehicles, and, if so, are any such evaluations referenced, resembled or incorporated concepts from the proposed “Maple Fund” disclosed publicly in September 2024; (d) has the government analyzed harmonizing Canada Growth Fund and Canada Infrastructure Bank financing through a strategic financing framework that could enable Brookfield, or any other private asset manager, to participate in or control digital, artificial intelligence, energy or industrial-infrastructure projects financed through public funds; and (e) what safeguards exist to ensure that public funds administered through the Canada Growth Fund do not result in undue concentration of influence by any single private-sector entity or asset manager, including Brookfield?
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