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Decentralized Democracy

House Hansard - 70

44th Parl. 1st Sess.
May 12, 2022 10:00AM
Context: House Hansard - 70 - May/12/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • May/12/22 2:30:38 p.m.
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Mr. Speaker, the Parliamentary Budget Officer last year found that the Canadian government was giving massive tax exemptions to oil and gas companies, to the tune of $2.3 billion. A year later, those very same companies are posting massive profits while gouging Canadians at the pumps. It is clear the government continues to take the side of oil and gas companies, and it is hurting people. Will the government finally stop giving away these massive tax exemptions to profitable oil and gas companies and instead be on the side of people and help them out?
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Context: House Hansard - 70 - May/12/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • May/12/22 2:31:56 p.m.
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Mr. Speaker, it is pretty bizarre to end fossil fuel subsidies by increasing them by billions of dollars. I do not get that. The Liberal government gave the oil companies massive exemptions, worth nearly $2.3 billion. These same companies have made massive profits this year, and they continue to squeeze people at the pumps. Why does the government continue to help large corporations that make massive profits instead of putting an end to these massive exemptions and putting the money back into people's pockets?
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Context: House Hansard - 70 - May/12/22
Mr. Mario Simard (Jonquière, BQ)
  • May/12/22 2:41:01 p.m.
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Mr. Speaker, gas prices are hurting Quebeckers and our businesses, especially in rural areas. In the meantime, oil companies raked in record profits in the last quarter: almost $3 billion for Suncor and $1.1 billion for both Imperial and TC Energy. What is most infuriating is that regardless of these profits, the federal government is giving Trans Mountain $10 billion in loan guarantees. There was $2.4 billion for carbon capture in the budget. Does the government agree that it is embarrassing to be subsidizing oil companies instead of helping people who are being bled dry?
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Context: House Hansard - 70 - May/12/22
Mr. Mario Simard (Jonquière, BQ)
  • May/12/22 2:43:44 p.m.
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Mr. Speaker, fuel prices are catastrophic for entrepreneurs in farming, fishing, trucking and the taxi industry. These people are on the verge of bankruptcy. Entire industries in Quebec are suffering major losses without the least bit of support from the federal government. Meanwhile, the oil industry is reaping record profits and continues to be heavily subsidized. When will the government stop showering our public money on oil companies and instead fund the victims of fuel prices and the energy transition?
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