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House Hansard - 43

44th Parl. 1st Sess.
March 22, 2022 10:00AM
Context: House Hansard - 43 - Mar/22/22
Mr. Mario Simard (Jonquière, BQ)
  • Mar/22/22 12:28:12 p.m.
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Mr. Speaker, I am not sure that the English-speaking colleagues of my colleague from Louis-Saint-Laurent are as nuanced in their arguments. In short, let us ignore the convoluted explanation. My colleague from Louis-Saint-Laurent said that inflation benefits the government. In this context and in the case of the oil and gas sector, inflation does not benefit the government; it benefits the oil companies. Between 2021 and 2022, the price of a barrel of oil rose from $1.15 to $4.40. There was a profit, and the oil companies got the lion’s share. The oil companies are the ones with their hands in taxpayers’ wallets. We are proposing to the Conservatives that special measures be put in place to ensure that oil companies pay their share. We must keep in mind that year after year, these companies receive the lion’s share of federal government funding. They are therefore double dipping into public funds, both directly at the pump, from taxpayers’ pockets, and through their taxation, by the financial support provided by the federal government. The hon. member for Louis-Saint-Laurent said that they would cut taxes for the benefit of the oil companies. That is absolutely deplorable.
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