44th Parl. 1st Sess.
February 7, 2023 10:00AM
- Feb/7/23 10:20:41 a.m.
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Madam Speaker, first, the member is wrong. She says that we have not come up with any proposals to abolish unjustifiable corporate profits. In fact, yesterday, we moved a motion in the House of Commons to take away McKinsey's unjustifiable profits. We said no to the big contracts the Liberal government awards to major corporations and the contracts worth $1,500 a day, or even an hour.
We are the ones going after the subsidies to Liberal businesses that profit from Liberal gifts. What is more, the Bloc Québécois is in favour of these gifts. We want to lower taxes that are weighing heavy on ordinary Canadians, but we do not want to lower them for Liberal businesses.
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- Feb/7/23 10:50:29 a.m.
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Madam Speaker, I can reassure my hon. colleague that I do not supposedly come from the environmental sector. I am from the environmental sector. I have the arrest record to prove it.
We have put in place a number of measures to tackle the emissions of the oil and gas sector. In fact, our emissions reduction plan presented last March is the first time in the history of this country when we have set a trajectory for emissions reduction for the oil and gas sector. We are working on a number of different elements of regulations to tackle the emissions of the oil and gas sector.
We eliminated international fossil fuel subsidies just before Christmas, and we are working with the party of the member opposite on eliminating those subsidies in Canada in the first half of this year. We will be doing this two years earlier than all of our G20 partners who have committed to eliminating those fossil fuel subsidies by 2025.
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- Feb/7/23 11:04:26 a.m.
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Madam Speaker, my hon. friend, the parliamentary secretary, said in his speech that emissions are going down. I have seen no evidence of that. We had a dip during COVID, but the expectation is that our emissions will go up. We have the worst record in the G7 since 1990. Our emissions continue to climb upward more than those of any other country in the G7.
At the same time, subsidies disguised as climate action are increasing. When the Liberals throw out the numbers for how much is spent on climate action, it includes carbon capture, utilization and storage, which is a subsidy for the fossil fuel industry. It helps them produce more oil by getting what they could not otherwise reach by shooting carbon dioxide down deep wells. We are seeing an increase in subsidies, where we have wasted $21 billion on the Trans Mountain pipeline. As a reminder, a billion is a thousand million; it is not just a little bit more. The hon. member will remember the Prime Minister promising in the 2015 election that he would never approve this pipeline. This is just the tip of the iceberg.
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- Feb/7/23 11:35:17 a.m.
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Madam Speaker, I thank my colleague for her speech. I would like to circle back to a point that I find particularly relevant, and that is the Liberals' fear or reluctance to go after big oil's profits. There is a double standard towards ordinary Canadians.
We have pointed out that the oil companies have doubled their profits, that the government continues to hand them subsidies and that it does not dare tax them more, despite pleas from the UN Secretary-General.
In my colleague's opinion, why do the Liberals not dare go there, when it is a pretty easy and obvious answer?
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- Feb/7/23 3:32:28 p.m.
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Madam Speaker, I want to start by noting that the member for Kingston and the Islands was the only member of the governing party who supported an opposition motion calling for the end of subsidies to the oil and gas sector just a few months ago, which included the false climate solution of carbon capture and storage. His voice on this is one of the most credible in the House. I wonder if he can share more about the importance of ending all subsidies to the oil and gas sector.
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- Feb/7/23 5:20:58 p.m.
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Madam Speaker, at a time when the planet has to reduce its carbon emissions, oil companies are making record profits. Canadian oil and gas companies are forecasted to make a record-breaking $147 billion in 2022 alone.
I want to read a short quote from UN Secretary-General António Guterres. He said the fossil fuel industry is “feasting on...subsidies and windfall profits while households' budgets shrink and our planet burns.” He said that we need to hold the industry and its enablers to account. He said, “I am calling on all developed economies to tax the windfall profits of fossil fuel companies.”
New Democrats believe we should be doing that. I wonder if my hon. colleague agrees.
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