1. Civilian Intelligence Network Posting
This is a pair of reposts from Civilian Intelligence Network, and authored by Shawn Melville. The topic is the Canada Infrastructure Bank, and its dirty secrets they don’t want you knowing. It’s some of the best research available in Canada on what goes on in Ottawa and Quebec.
In a time when mainstream media is literally bought off (thanks to a $595M “subsidy” from the Feds), it’s nice to see that some people are willing to put in the long hours to get the dirt on what is really happening. So kudos to this group for exposing the rot within and surrounding the Canada Infrastructure Bank.
2. Text Of First Article
BlackRock, SNC & The Infrastructure Bank: Meet the Global Construction Cartel
When the Canadian government entered into an agreement with BlackRock in 2017, what occurred was a partnership with the Canada Infrastructure Bank (CIB). In doing so, Canada became affiliated with the world construction cartel. Key players in SNC Lavalin, the newly-minted CIB, and the Privy Council are developers of the social economy, a complex scheme to fleece Canada.
Considering the key players involved, some of the CIB funding is likely going to support infrastructure overseas to back the construction cartel (26). This is a funding resource for SNC because they have been barred from bidding on World Bank projects. The CIB is wealth transfer diverting Canadian tax dollars and pension funds to third-world countries to build their infrastructure, create jobs, and stimulate their economy. Let’s have a look at the current CIB board members. We will see how they overlap through government, business, and foundations.
Bruno Guilmette served as interim Chief Investment Officer of Canada Infrastructure Bank, where he established the organization’s initial investment policies and processes (1). Previously, he served on the Executive Committee and Board of the Global Infrastructure Investor Association (GIIA). The GIIA plans and delivers a program of global advocacy and stakeholder engagement that promotes global private investment in infrastructure(2)(3). Rapid income growth across developing countries, as well as rapid urbanization, is driving enormous demand for infrastructure investment that is vital to their country’s future economic growth. However, many of these emerging economies are stuck on the same question: how do we pay for this?
Government budgets are being strained by public debt, but according to most estimates there is more than $1 trillion in private sector capital available from millions of individual citizens in the form of pension funds (4). Institutional investors and bank assets could also “partially support infrastructure projects”, with 87% of these funds originating from advanced economies (2). As is described in this article written by the GIIA, Canada’s Infrastructure Bank is setting up the guidelines for the procurement of money for these global infrastructure programs (4):
Therefore, Trudeau’s Infrastructure Bank, promoted by the Liberals as a tool for developing infrastructure projects within Canada, was an out-right lie to Canadians. Infrastructure development, jobs, and the economic growth that comes with it was never intended to service the needs of Canadians, but rather to benefit global construction companies and citizens of third-world economies! Companies such as SNC-Lavalin were the only ones awarded contracts and half of these contracts were funding for work outside Canada (5).
Who better to help implement this “Global Infrastructure Bank” than Bruno Guilmette(6)? Guilmette not only served on the Global Infrastructure and Investment Association (GIIA) board, but also as the Senior Vice-President of Infrastructure at PSP Investments, Canada’s largest pension investment managers (7). Mr. Guilmette also served as the Senior Director of Investments & Infrastructure at the Caisse de dépôt et placement du Québec (6), the Quebec Pension Plan that is the largest shareholder of SNC-Lavalin (8). Caisse de depot et placement du Quebec even procured a contract with Canada Infrastructure Bank to build a rail system in Montreal, and SNC-Lavalin received the funding (9)(10)(11):
Bruno Guilmette also has other ties to SNC-Lavalin and they include:
Bruno Guilmette is director of Boralex Inc. (6)(14). Alain Rheaume, who is on the board of directors of SNC-Lavalin, is also board of directors for Boralex Inc. (15).
Bruno Guilmette is on the board of Avi Alliance (6), which is a subsidiary of Hochtief (an international construction services provider). Hochtief has partnered with SNC-Lavalin on infrastructure contracts (16).
Billions of dollars of Canadian taxpayer money is being poured into SNC-Lavalin (5). The World Bank has also listed SNC-Lavalin as an ineligible firm to receive funding for contracts due to allegations of fraud and corruption (27). This being the case, was the Infrastructure Bank set up to fund the corrupt construction cartels? A bigger question is, how much of the $35 billion of the $186 billion in contracts already pledged has SNC have been signed with the Infrastructure Bank? Another issue concerning SNC, is that taxpayers may be on liable if “forecasts prove inaccurate, projects fail, or costs otherwise accrue above and beyond what was expected (25).”
Blackrock, a US-based asset management company overseeing $5.1 trillion in investments (17), reported on February 8, 2018 that it was raising $10 billion in private equity funds and that it would seek a private commitment from sovereign wealth funds (e.g. pension funds) and other institutional investors, to set up a fund called “BlackRock Alternative Investments” (18)(19). Heading up this project was Andre Bourbonnais, who was Senior Managing Director of the CPP Investment Board and Global Head of Investment Partnerships (2010-2015). Before that, he worked for Caisse de Depot et Placement du Quebec (2004-2010)(20). The current president of Canada Infrastructure Bank, Pierre Lavallee, worked for Andre Bourbonais in 2012 at CPP Investment Board as VP for Investment Partnerships (12).
What exactly is the “BlackRock Alternative Investments” fund? Social economy is often referred to as the “alternative economy”, a global movement powered by corporations and their foundations to promote communism (21). This raises several questions: Is Canada’s Infrastructure Bank managed by BlackRock? Does BlackRock have controlling interest in this bank? And will this bank be used to fund the social economy (17)? The connections between these pension boards, corporations, and the president and directors of the Canada Infrastructure Bank warrant public scrutiny.
New evidence reveals that BlackRock’s role in the Canada Infrastructure Bank may have also included advising on key personnel including Pierre Lavallee, the current president of Canada Infrastructure Bank (22). Trudeau consulted BlackRock extensively for the $35 billion investment in the new bank which critics say will put the interests of investors ahead of Canadian Taxpayers (23). After all, BlackRock’s fiduciary responsibility is to its clients and not Canadian taxpayers, pension investors, or consumers. Moreover, the Paradise Papers include 9 companies connected to the BlackRock Group. These are tax havens that contribute to income inequality, benefiting wealthy corporations at the expense of taxpayers (17).
This year’s election should definitely not focus on the dairy cartel and supply management, for that is but a smoke screen when compared to the billions of dollars at stake in the hands of the construction cartel and its influence on Canada Infrastructure Bank. It is a cartel which includes not only SNC-Lavalin, but many other corporations operating in Quebec, including those supporting members of the People’s Party of Canada. Out of 34 corporations that donated to Maxime Bernier, 21 were related to the construction industry. After all, the Beauce is a lot more than just dairy! One thing is certain, Canada is no longer a sovereign state but rather being run like a corporation, whereby the rights of citizens are being left at the wayside in favour of the globalist agenda. Canadians were never informed, never consulted, nor did we vote for this. We are indeed living under Canada Inc. (24).
3. Sources For First Article
4. Text Of Second Article
The Criminal Cartel of the Canada Infrastructure Bank Board
In this follow up to “BlackRock, SNC & The Infrastructure Bank: Meet the Global Construction Cartel” we continue with The Canada Infrastructure Bank Board and the who’s who of global communist policy makers. The same players transfer from boards of foundations to boards of corporations to ministers of government, not because they are good at what they do, but because they follow the rules of the multilateral (HYBRID) universe of international treaties. It is big business to sell out the tax payers and their sovereignty to the one world government.
Other Members of the Canada Infrastructure Board include (1):
James Cherry: James Cherry served on the Board of Governors and Board of Directors for the United Way Canada (2). Key executives from the president’s office of SNC-Lavalin were also involved with the United Way: Gilles Laramee was on the board (3), Jacques Lamarre was on the council of Governors (4), and Pierre Duhaime was on fundraising committee(4). James Cherry is also on the board for the Foundation of Greater Montreal (FGM)(7). The Foundation of Greater Montreal is a member of the Community Foundations of Canada (CFC), an organization that brings together 191 foundations that operate across Canada and the managed assets of which total over $5.8 billion (8). The FGM had a direct partnership with United Way and SNC-Lavalin (9). Several SNC-Lavalin executives have served on the FGM Board including: Michael Novak (10) and Jacques Bougie (current board member of SNC-Lavalin and mentor to the Trudeau Foundation)(11)(12)(13)(26) and a director of McCain Foods Ltd. (13). Canada’s Finance Minister Bill Morneau is married to McCain Foods heiress Nancy McCain (14). Morneau was instrumental in setting up the Infrastructure Bank.
Tim Brodhead was instrumental in planning the initial workings of the Infrastructure Bank along with Tides Canada Foundation (5). He has served on several boards with James Cherry: Board of Directors for the United Way (4), Board of Directors for FGM (7), and Board of Governors for Concordia University (21). Tim Brodhead is currently the President of the Pierre Elliot Trudeau Foundation and was also interim president of the Trudeau Foundation from 2013-2014 (6). It goes without saying that if Tides Foundation is involved so then is philanthropist George Soros (22)(23), who seems to have his hands in everyone’s cookie jar including our Canadian Infrastructure Bank.
Ms. Poonam Puri was a Trudeau Foundation post-doctoral fellow and award recipient (15). She is also a member of the International association of law schools (IALS) (16)(17). The International Association of Law Schools is a private, non-political, non-profit, collaborative, learned society dedicated to serving the worldwide legal education community. It consists of more than 170 law schools and departments from over 55 countries representing more than 7,500 law faculty members (18). It’s primary mission includes: To foster mutual understanding and respect for the worlds varied and changing legal systems and culture, to prepare lawyers for transnational global practice, to work with entities to develop guidelines and adapt legal education to the needs of changing society regarding international and transnational law (19). Many law schools participating in IALS programs receive funding from the Open Society Foundation (29). It has been proposed that IALS build a database of funding organizations that promote the Rule of Law such as intergovernmental organizations (the United Nations system, the European Union and the Council of Europe) to specific NGOs and foundations (such as the Carnegie Foundation, the Ford Foundation, the Open Society Foundation etc.) that could act to open up funding venues for its member(30).
Ms. Poonam Puri led a research project which investigated the reconfiguration of transnational governance: (20)
Canadians must have missed this memo? Are the banks reconfiguring from a “transnational state” into an “international state” of governance”? For the many Canadians that still believe we are a “sovereign state”, just how exactly will these “Equator Principals” impact the regulatory framework of Canada’s Infrastructure Bank? After all Canadian pension funds are being used and it the Canadian taxpayers (not the international community) that will be on the hook for incurred losses?
Janice Fukakusa was Senior VP and chief internal auditor for RBC and chairman of RBC Ventures Fund (31) and now is on the Board of Directors for Canada Infrastructure Bank. Former SNC-Lavalin executives are also directors with Royal Bank Directors (24) and they include: Guy St. Pierre who was former CEO of SNC-Lavalin and mentor to the Trudeau Foundation (25), Jacques Bougie who is currently on the board of directors for SNC-Lavalin and McCain Foods and mentor on the Trudeau Foundation (24)(26)(27). In addition the president of McCain Foods, G. Wallace F. McCain is also director and on the audit committee for RBC (32).
Jane Bird was a senior Engineer from SNC-Lavalin and now sits on the Board of Directors of Canada Infrastructure Bank (28).
Kimberly Baird is a renowned First Nations Chief in BC and founder of Kim Baird Strategic Consulting (33). She helped to negotiate the Tsawwassen First Nations Treaty in BC, a modern urban land development treaty that would act to extinguish aboriginal title and rights to First Nations land whereby all land had to be registered and taxed (34). Chief Baird then helped to spearhead a major retail and commercial development project for two large shopping malls on First Nations land which was tied to a “social economy” community program (35)(36). She is described as a “wealthy retail land baron” by her Tsawwassen First Nations community(33), who fear that poverty and unemployment may drive them off their land. The partners in this land development project were Ivanhoe Cambridge and Property Development Group. Ivanhoe Cambridge is a subsidiary of Caisse de depot et placement du Quebec (CDPQ), the Quebec pension plan (37). Caisse de depot et placement du Quebec is the major stock holder of SNC-Lavalin (38).
Dave Bronconnier was Mayor of Calgary when SNC-Lavalin was awarded the 1 Billion dollar Calgary LRT contract from the city(39). His biography states that he is Director of Interloq Capital Inc. (1), but a thorough internet search for that company could not be found.
Michele Colpron is Vice President of Finance & Investments Administration for CDP Capital which operates as a subsidiary of Caisse de depot et placement du Quebec (CDPQ) and one of their principal construction partners is SNC-Lavalin (40). CDPQ is also the principal shareholder of SNC-Lavalin (38).
Christopher Hickman was the Chairman and CEO of Marco Group, a large construction company (41) that partnered on contracts with SNC-Lavalin (42). He also served on the board of Nalco Energy that also gave contracts to SNC-Lavalin(43).
Stephen Smith was on the board of directors for the CD Howe Institute. SNC-Lavalin is a member of CD Howe Institute (44). Stephen Smith was also on the board METROLINX/Go transit. Metrolix awarded contracts to SNC-Lavalin for Crosslinx Transit Solutions (45).
Patricia Youzwa was CEO of SaskPower that gave SNC-Lavalin millions in contracts (46). Current reports show that SaskPower overpaid 111 million to SNC-Lavalin (47).
The extent to which the foreign criminal syndicate call the shots leave little ability for our elected ministers of parliament to do anything about it. That is, if they are not in on the con to begin with. These people know the agendas, they agree with the agendas, and further the agendas of UN Global Compacts of every sort. SNC is the construction cartel in Canada (48). The amalgamation of the Canada Infrastructure Bank with BlackRock is a non-partisan Red Alert moment for all Canadian Patriots!
5. Sources For Second Article
6. Check Out Civilian Intelligence Network
As should be obvious from the work they do, CIN is a great resource for people looking to know the truth about the rot and corruption within Canadian politics. Visit the site and see what else they have done.