Multimedia
Audio
Video
Photo

Canada Privatization Plan?

Anonyme, Thursday, March 10, 2005 - 23:07

Dylan Penner, ACTivist Magazine

Business leaders in Canada call for the Canada Pension Plan to push forward P3's; CPP already investing in war.

A January 31, 2005 National Post/COMPAS poll found that "business leaders" in Canada strongly agree that the Canada Pension Plan (CPP) "has an obligation to tell Canadians how government could make it easier for their pension savings to be invested profitably within the country, for example by creating more P3’s."
Despite the already controversial investments in war, occupation, climate change and genetically modified organisms, the "business leaders" surveyed strongly agreed that the "CPP’s obligation to make money for future pensions means that CPP has every right to invest anywhere it expects a profit." Apparently, even if such investments contribute to war, human rights abuses or rising
oceans
due to climate change.

While the implications of this poll for the CPP are unclear, the intentions certainly are. The National Post Poll used what was an "essentially hand-picked panel" as the report itself notes on page 8. What this poll demonstrates is the increasing pressure on the CPP from the business community to ensure the taxes of Canadians go to profit over people and the nature.


The Canada Pension Plan is investing in 15 of the world's top 20 arms manufacturers. The CPP is subsidizing biopiracy
and terminator
seeds
 through Monsanto. The CPP is "investing" in Exxon / Imperial Oil, the company that has done the most worldwide to try to prevent action on climate change. The CPP is funding SNC
Lavalin
, based in Quebec, which recently won a contract to make hundreds of millions of bullets for the US occupying army in Iraq. The CPP is contributing to 3 companies of Coca
Cola
(2 US-based, 1 Australian), which is implicated in the torture and murder of Colombian unionists.


The CPP is also funding Lockheed-Martin (no relation to Paul Martin... we think). Lockheed-Martin is the Pentagon's top military contractor and is involved in such projects as Star Wars Missile "Defence" and the 2006 Canadian Census. Halliburton is also on the list of CPP investments. Yet all of this is apparently not enough for the National Post's "hand-picked panel".


According to the National Post poll, "Panelists, in fact, strongly support the Government enabling more domestic investment opportunities like P3’s... 71% of respondents say the decision of the CPP investment Board to invest abroad means the federal Government should “make possible more opportunities for CPP investments by increasing the number of P3s.

www.activistmagazine.com


CMAQ: Vie associative


Quebec City collective: no longer exist.

Get involved !

 

Ceci est un média alternatif de publication ouverte. Le collectif CMAQ, qui gère la validation des contributions sur le Indymedia-Québec, n'endosse aucunement les propos et ne juge pas de la véracité des informations. Ce sont les commentaires des Internautes, comme vous, qui servent à évaluer la qualité de l'information. Nous avons néanmoins une Politique éditoriale , qui essentiellement demande que les contributions portent sur une question d'émancipation et ne proviennent pas de médias commerciaux.

This is an alternative media using open publishing. The CMAQ collective, who validates the posts submitted on the Indymedia-Quebec, does not endorse in any way the opinions and statements and does not judge if the information is correct or true. The quality of the information is evaluated by the comments from Internet surfers, like yourself. We nonetheless have an Editorial Policy , which essentially requires that posts be related to questions of emancipation and does not come from a commercial media.