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LETTERS: Why was Rob Lantz meeting with world's richest CEOs and other P.E.I. letters

Why was Rob Lantz meeting CEOs?

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Earlier this month, Mark Carney invited premiers and CEOs from the wealthiest investment firms across the world to Toronto for the Canada Investment Summit. Invitees included investors from China, Saudi Arabia, the United Arab Emirates and prominent U.S. billionaires like Larry Fink, the CEO of BlackRock, and Jon Gray, the president of BlackStone. Prior to the summit, the federal government published a prospectus list of 167 major investment projects to be presented to investors.

Two of these projects were based in P.E.I., a Prince Edward Island to New Brunswick interconnection power expansion for an undisclosed amount, and a US$105 million expansion of AKA Defense Systems in Montague for military power systems and defense microgrids.

While the former project could increase our energy capacity, with the majority of our province under a private utility company, such an increase mainly serves their profit margins. The latter project further propels a sustainable engineering firm deeper into the military industrial complex, profiteering off of selling military goods to buyers involved in warfare.

Over the two-day summit, announcements were made to privatize our country’s largest airports, greatly increase AI data centre operations while raising capital for AI companies, secure investments for oil pipelines and a wide array of mining projects, and lower the marginal effective tax rate for the world’s wealthiest through significant deductions.

Given the concern the majority of Canadians have towards artificial intelligence, climate change and wealth inequality, we must ask ourselves who........

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