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FINA Committee Meeting

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Minutes of Proceedings

44th Parliament, 1st Session
Meeting 78
Tuesday, March 7, 2023, 11:03 a.m. to 12:25 p.m.
In Camera
Presiding
Peter Fonseca, Chair (Liberal)

Library of Parliament
• Michaël Lambert-Racine, Analyst
• Joëlle Malo, Analyst
Pursuant to Standing Order 83.1, the committee resumed its pre-budget consultations in Advance of the 2023 Budget.

The committee resumed consideration of a draft report.

At 11:32 a.m., the sitting was suspended.

At 11:57 a.m., the sitting resumed.

The committee resumed consideration of a draft report.

It was agreed, — That the draft report be adopted.

It was agreed, — That the report be entitled: "Responding to the challenges of our time".

It was agreed, — That the Chair, clerk and analysts be authorized to make such grammatical and editorial changes as may be necessary without changing the substance of the report.

ORDERED, — That the Chair present the report to the House.

The committee proceeded to the consideration of matters related to committee business.

It was agreed, — That the Subcommittee on Agenda and Procedure of the Standing Committee on Finance meet for one hour on Thursday, March 9, 2023, from 12:00 p.m. to 1:00 pm.

It was agreed, — That the committee undertake a study on the current state of play on (a) “green finance”, (b) “green investment”, (c) “transition finance”; and (d) transparency, standards and taxonomy. That this study consist of:

  1. At most three and a half meetings (the first meeting lasting one hour and the subsequent three meetings lasting no less than two hours)
  2. Witnesses, including:
    • Representatives from the OECD Centre on Green Finance and Investment, the United Nations Environment Programme (UNEP), and other key relevant federal, provincial and territorial, and international leaders be invited to give testimony;
    • Peter Routledge, Superintendent, Office of the Superintendent of Financial Institutions;
    • Kathy Bardswick, Sustainable Finance Action Council;
    • Ms. Barbara Zann, Mr. Mark Carney and Mr. Dan Breznitz as individuals; and
    • The International Sustainability Standards Board

That the Chair be empowered to set timelines for witness recommendations from committee members, and to schedule witness appearances.

That the committee present a report on this study with its recommendations to the House on Friday, June 16, 2023.

It was agreed, — That, pursuant to the Order of Reference from the House dated Wednesday, February 15, 2023, the committee invite the Deputy Prime Minister and Minister of Finance and the Minister of National Revenue to both appear, along with senior officials, for no fewer than one hour respectively regarding the Supplementary Estimates (C) 2022-23 and the Main Estimates 2023-24, and that these meetings take place as soon as possible, but no later than Wednesday, May 31, 2023.

At 12:25 p.m., the committee adjourned to the call of the Chair.



Alexandre Roger
Clerk of the committee