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Decentralized Democracy

House Hansard - 100

44th Parl. 1st Sess.
September 22, 2022 10:00AM
  • Sep/22/22 5:57:43 p.m.
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  • Re: Bill C-30 
Mr. Speaker, I appreciated the member's focus on the excess profits of the oil and gas sector. I do not like using the term “excess profit” and I do not like using “windfall profit”. Let us be clear about what we are talking about: We are talking about immoral war profiteering. That is what we are seeing right now. If hon. members across the way want to laugh, let me refer to the business columnist in The Globe and Mail, Eric Reguly, who called this out in his August 8 column. He pointed out that the profits of oil and gas right now have nothing to do with business acumen and everything to do with war. I would ask my hon. colleague if he agrees with the Parliamentary Budget Officer that by doubling from 15% to 30%, the additional $8 billion coming into the Canadian economy and the government coffers could help us take care of the poorest of the poor.
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  • Sep/22/22 5:58:38 p.m.
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  • Re: Bill C-30 
Mr. Speaker, yes, I absolutely believe that the additional profit those companies are making, as the member said, not because of their business acumen but by taking advantage of global circumstances in order to have a fig leaf as an excuse for why they are raising prices, should be taken back and invested in the things that we need in order to succeed as a society. We need housing. We need better health care. We need to tackle the climate crisis. We can create good jobs for people by doing that. We need money to pay for this. The money is out there. The government collects a lot less, in relative terms, than it used to, even 20 years ago, and it is time we start going back after that.
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