Paul St-Pierre Plamondon, the leader of the Parti Québécois, announced on Friday that he intends to abolish the investment fund currently used by the Coalition Avenir Québec (CAQ) to support Northvolt. The proposal was presented as part of a broader economic agenda aimed at reshaping Quebec’s economy.
Plamondon, who heads the PQ, framed the move as a necessary step in redefining the province’s fiscal priorities. He said the fund, which channels CAQ resources into the Northvolt project, should be eliminated to allow the government to pursue alternative strategies.
The fund in question is a financial mechanism established by the CAQ to invest in Northvolt, a company involved in the province’s industrial landscape. While details of the fund’s size or specific investments have not been disclosed, its existence reflects the current administration’s approach to leveraging private‑public partnerships for economic development.
The PQ’s call to dismantle the fund aligns with a larger plan the party has outlined to restructure Quebec’s economy. This plan emphasizes a shift away from the current investment model toward policies that the PQ believes will better serve the province’s long‑term interests. By targeting the Northvolt fund, the party seeks to signal a departure from the strategies pursued by the CAQ.
The proposal adds a new dimension to the ongoing policy debate between the Parti Québécois and the Coalition Avenir Québec. As both parties continue to vie for influence over Quebec’s economic direction, the discussion surrounding the Northvolt investment fund is likely to become a focal point in upcoming legislative sessions.
No further details about the timeline for the fund’s abolition or the specific alternatives the PQ intends to implement were provided at the time of the announcement.