44th Parl. 1st Sess.
October 17, 2023 10:00AM
- Oct/17/23 10:24:12 a.m.
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Mr. Speaker, if we want to eliminate waste and return to a balanced budget, would it not be common sense to cut the $83 billion that will go to the oil and gas sector between now and 2034?
If we want to help low-income earners, seniors and people struggling to put food on the table and pay their mortgages, should we not be redirecting that money to them instead of supporting the greedy oil and gas sector, which has made $200 billion in profits?
Yesterday, at the Standing Committee on Natural Resources, the Conservative Party's response was to apologize to Suncor on behalf of Canadians.
Is the leader of the opposition defending big oil or low-income earners?
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- Oct/17/23 11:26:11 a.m.
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Mr. Speaker, it is the total of all the tax benefits identified and given to the oil companies. It is a well-known fact, not a number pulled out of thin air.
I congratulate my colleague on the quality of his French. I also thank him for his compliments on my speech.
Of course, when I speak out against the Liberals, it suits the Conservatives. However, when I point out the Conservatives' faults, mistakes or exaggerations, it hurts their feelings. I think my speech was good from start to finish.
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- Oct/17/23 11:39:49 a.m.
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Mr. Speaker, apparently my Bloc Québécois colleague reiterated the hoax, the misinformation that his colleague was spreading, namely that the oil industry receives subsidies from this government. However, according to the Organization of Petroleum Exporting Countries, in 2021, Canada gave the oil sector only $7 million in subsidies. That is the lowest rate among 38 countries worldwide. Would my colleague like to repeat that misinformation and provide his source?
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- Oct/17/23 11:40:40 a.m.
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Mr. Speaker, I find that amusing. My colleague knows I appreciate him. More than anything though, I like the facts to be accurate, and those figures come from one of the least transparent federal institutions. We do not know where Export Development Canada, or EDC, makes its investments, and it is one of the largest sources of taxpayer-backed public funding for oil.
What surprises me is that the Conservatives are right wing, but only until it comes time to help the oil companies. Then they move left. That is where they think government money is needed. That is where they think subsidies are needed. That is where they think protection and help are needed. Did the NDP and Bloc Québécois just make up the figure of $30 billion for Trans Mountain? Did EDC not send them that memo? At some point, we have to face the facts. The oil industry is a government-supported industry. It is incapable of controlling its costs, and without government assistance, there would be a lot less Canadian oil.
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- Oct/17/23 12:24:46 p.m.
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Madam Speaker, our Conservative Party has a plan and that plan is to use the technology in this country to ensure that we are green. One of the things that we have to look at is the windmills. Does anyone here know that it takes 176,000 gallons of oil to service the windmills in this country?
If we stopped oil production, who is going to service those windmills? We need to make sure that the carbon tax is kept under control, because with the carbon tax, people cannot afford their homes. They cannot afford to feed their families. They cannot afford to go to the grocery stores. They cannot afford the gas in their car to drive to work. That is going to hurt the economy.
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- Oct/17/23 12:53:51 p.m.
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Madam Speaker, just a few minutes ago, a colleague talked about how, if we want to invest a dollar in a new program, then we should take a dollar away from an existing program. I am curious, and I have some ideas. The government could make cuts to its various support programs for the oil industry, which is fully capable of supporting itself, since it is making $200 billion in profits a year.
I would like to know where my colleague will invest the amounts taken from the oil industry support programs.
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- Oct/17/23 2:47:48 p.m.
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Mr. Speaker, according to S&P Global, Canada will be one of the global drivers of oil production in 2024. With the 5.3 million barrels a day it wants to produce, Canada will be one of the main sources of the world's increased crude oil supply. With support from the Liberals and Conservatives, it is not just Canada's climate change targets that the oil companies are threatening, it is the whole world's targets.
When will these two parties realize that Canada is the engine of a train that is heading straight for a wall?
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