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The government announced in late April that it is creating the InBC Investment Corp. and giving it $500 million to spend on promising startup companies with a “triple bottom line” mandate to consider people, the planet and profits.
“Because InBC will be making decisions about the allocation of significant public monies and discharging important public functions, it should be subject to transparency and accountability under [the Freedom of Information and Protection of Privacy Act],” Information and Privacy Commissioner Michael McEvoy wrote in a letter Wednesday.