Les Leyne: B.C.'s new $500M investment fund will be 'patient' and a bit secretive

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The fund is explicitly barred from investing in narcotics, illegal substances or arms.

B.C.’s newest Crown corporation, the 29th, opened for business last week, two years after the idea was hatched.

Companies involved in countries subject to sanctions or that are subject to claims by the province are also off-limits. He wrote an open letter saying that, with a half-billion in play, the corporation should be subject to transparency and accountability standards. Worries about political influence are partially offset by a unique section in the bill that explicitly instructs the chief investment officer to ignore everyone.

 

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Secretive and this government are kissing cousins.

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