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Decentralized Democracy

House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
  • Mar/22/22 10:35:59 a.m.
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Mr. Speaker, I am always surprised by this ability to put on blinders. The price of oil definitely includes taxes, but it is also determined by the oil companies themselves. The price per barrel of Brent crude doubled from March 2021 to March 2022, rising from $64 to $128. Oil companies also make a profit on refining a barrel of oil. The profit margin went from $1.15 in February 2021 to $4.40 in February 2022. The profits from Brent and oil refining do not go to the government. They go to the oil companies. They are the ones exerting upward pressure on gas prices. I agree that supply and demand is a factor, but greed also has a role to play here. When will the government take action against the oil companies, which are lining their pockets to benefit their shareholders rather than workers, the government and the people?
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  • Mar/22/22 1:28:07 p.m.
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Madam Speaker, inflation may in part be caused by our reliance on oil. We have to think about reducing that reliance. That being said, people everywhere, seniors, students and low‑income individuals, are facing situations where oil is not the problem. The problem is rising costs. For instance, the cost of housing is skyrocketing. There is far more demand than supply and that leads to rising prices. To ease the burden, should we not be investing in social and affordable housing instead?
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  • Mar/22/22 1:38:34 p.m.
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Madam Speaker, I will echo my colleague's last few words: The intent is good, but the approach is bad. That may also be the case with seniors' income, that of seniors age 75 and older. The intent is good, but the government is overlooking seniors age 65 to 75. That is not fair. Conservative members are talking about how hard it is to access reliable public transit in rural areas. The 2022–23 budget includes $4 million for active transportation, or cycling, and only $2.5 million for rural public transit for all of Canada. Would improving that budget not help ease the burden on those less fortunate?
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