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Context: House Hansard - 270 - Jan/29/24

Jan/29/24 1:47:25 p.m.
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Re: Bill C-59

Madam Speaker, obviously, I think there is not just one thing, but several things we can do to tackle this problem. One of the things we could do is create an acquisition fund so that non-profits can have a chance to acquire a building when it comes on the market. Right now, they cannot access the necessary capital quickly enough to make an offer before a big company makes an offer and acquires that building. That is one solution. Another is to make sure that the big companies that are in the housing market pay a reasonable amount of tax, because there are mechanisms they use to avoid paying the regular amount of tax. I also think that building more off-market housing will have an effect on market value if people have the opportunity to buy off-market housing.

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Context: House Hansard - 270 - Jan/29/24

Ms. Elizabeth May (Saanich—Gulf Islands, GP)

Jan/29/24 1:48:56 p.m.
Watch
Re: Bill C-59

Madam Speaker, I could not agree more with my hon. friend from Elmwood—Transcona and his analysis. When we talk about inflation, we cannot leave out excess corporate profits. He referred to the large, unprecedented profits from oil companies. Does he agree with me that it essentially amounts to profits from war profiteering, because the profits went through the roof when Putin invaded Ukraine?

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Context: House Hansard - 270 - Jan/29/24

Mr. Daniel Blaikie

Jan/29/24 1:49:24 p.m.
Watch
Re: Bill C-59

Madam Speaker, we absolutely should have an excess profit tax on the oil and gas industry. We have seen it make a 1,000% increase in an industry that was already very profitable over the last number of years. This indicates that is not something where it is marking up prices to keep up with inflation. It saw an opportunity. The war was certainly part of that opportunity. It is shameful for companies to be using a global conflict to jack up its prices. They should not be allowed to do it. We have the power in Canada. Some of our allies have exercised the power that they have in their own jurisdictions, including a Conservative government in the U.K., which implemented an excess profit tax on the oil and gas sector. Why, in Canada, can we not find people on the government benches with the courage to do the same and reinvest some of those excess profits in the Canadian economy and in Canadians themselves? It is a real disappointment and it is certainly something that we will continue to talk to Canadians about, including at election time.

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Context: House Hansard - 270 - Jan/29/24

Mr. Jagmeet Singh (Burnaby South, NDP)

Jan/29/24 2:33:06 p.m.
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Mr. Speaker, the Prime Minister just does not get it. Surprise, surprise, the Prime Minister has broken another promise. While the country's renoviction rate is at an all-time high, he is refusing to take on the big investors as he promised to do. Why does the Prime Minister say one thing on the campaign trail and then defend his friends' profits once in power?

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Context: House Hansard - 270 - Jan/29/24

Ms. Laurel Collins (Victoria, NDP)

Jan/29/24 3:11:06 p.m.
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Mr. Speaker, Canadians are worried about the climate and they expect their government to take action. People are struggling to pay their bills, yet oil and gas CEOs are polluting our planet while raking in record profits and bonuses. In some cases, they have upped their own salaries by 75%. For far too long, the Liberal government has been stacking the deck in favour of billionaires at the expense of Canadian workers and the environment. Will the Liberals rein in these obscene bonuses by making oil and gas CEOs pay what they owe?

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Context: House Hansard - 270 - Jan/29/24

Hon. Steven Guilbeault (Minister of Environment and Climate Change, Lib.)

Jan/29/24 3:11:43 p.m.
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Mr. Speaker, I would like to welcome back my hon. colleague to the House. I agree with her. I think that the profits of these companies must be addressed in the House and that is what our government is doing by putting in place measures like no other country in the world has. We have put forward the world's most ambitious target to reduce methane emissions, a very powerful greenhouse gas, and reduce them by at least 75% by 2030. We have eliminated fossil fuel subsidies, the only country in the G20 to have done so. We are also in the process of putting a cap on the emissions of the oil and gas sector.

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Context: House Hansard - 270 - Jan/29/24

Ms. Lianne Rood (Lambton—Kent—Middlesex, CPC)

Jan/29/24 7:45:25 p.m.
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Mr. Speaker, I have to agree with my colleague; we do want to find common ground with regard to food security and making sure that Canadians can afford healthy, nutritious food. The key word is “afford”. While the member talked about record profits, one thing he did not talk about was the fact that there are record input costs for our farmers and producers in order to produce that food. There are record costs for our truckers, for their fuel to truck the food to the grocery stores. I am just wondering if my colleague could comment on why the NDP does not want to support axing the carbon tax for our farmers and producers, so that we can actually bring down the cost of food in order for Canadians to see the cost of food go down at the grocery store.

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