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House Hansard - 20

44th Parl. 1st Sess.
January 31, 2022 11:00AM
Context: House Hansard - 20 - Jan/31/22
Mr. Greg McLean (Calgary Centre, CPC)
  • Jan/31/22 2:02:40 p.m.
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Mr. Speaker, $500 billion is the amount the oil and gas industry has contributed to Canadian governments in tax revenue over the past 20 years. Canadians have spent the same amount of money, half a trillion dollars, importing oil at world prices from foreign suppliers over the past 30 years without any meaningful contribution to Canadian tax revenues. When I hear the word “subsidized” being applied to Canada's oil and gas industry, it makes me wonder. “Subsidized” and half a trillion dollars in contributions do not reconcile. Surely, no informed Canadian would repeat such a nonsensical narrative. When false narratives marginalize this contribution, we need to ask, “How do we replace $500 billion?” Canadians enjoy a great standard of living. Our environmental protection and our social programs are the envy of the world. What makes that possible? It is $500 billion from our responsible Canadian oil and gas sector.
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Context: House Hansard - 20 - Jan/31/22
Mr. Greg McLean (Calgary Centre, CPC)
  • Jan/31/22 5:51:28 p.m.
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Madam Speaker, I got tweaked by the member's statement. The question I would have for her is about her reference to subsidies for oil and gas. I will lead her in this direction, because I am looking all the time for subsidies for oil and gas. As a matter of fact, I made a statement in the House today, if she was paying attention, about half a trillion dollars being supplied by the oil and gas industry to this country over the last 20 years. That is $500 billion that will need to be replaced because the industry is subsidized. I was at the finance committee this morning, and I will tell the member that one of her friends, who is in an environmentally funded organization, presented before that committee. I asked her to please name for me one subsidy that the government has, and she mentioned the Canadian development expense. That was done away with six years ago. Can the member name one subsidy she thinks exists for the most contributing sector in the Canadian economy?
178 words
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