44th Parl. 1st Sess.

March 19, 2024 10:00AM

Context: House Hansard - 291 - Mar/19/24

Mr. Gord Johns (Courtenay—Alberni, NDP)

Mar/19/24 1:10:32 p.m.
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Madam Speaker, I think we need to talk about going well beyond subsidies. We know that in Great Britain they had an excess profit tax on oil and gas; that is the Conservatives in Britain. We cannot even get Liberals to do that. Right now, the Liberals have ended the Canada greener homes loan program. I have constituents who want to access that program. I have contractors saying they are going to have to lay people because they were employing people and were supporting Canadians who wanted to do the right thing. My questions to my colleague are these: Will they charge an excess profit tax on oil and gas? Will they not just fund the greener homes loan program but also actually provide it with the necessary resources to make it through a full budget cycle so that all Canadians can access it?

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Context: House Hansard - 291 - Mar/19/24

Mr. Mark Gerretsen

Mar/19/24 1:11:20 p.m.
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Madam Speaker, if the member for the NDP brought forward an opposition motion that we charge an excess profit tax on the oil and gas industry, I would vote for it.

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Context: House Hansard - 291 - Mar/19/24

Mr. Nathaniel Erskine-Smith

Mar/19/24 4:48:17 p.m.
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Mr. Speaker, in my last two budget submissions, I spoke to excess profit taxes. We have seen them on banks and insurance companies. We have seen them from U.K. Conservatives on oil and gas. It is absolutely a conversation we should have in the House. U.K. Conservatives were, I think at one point, models for Conservatives here until they lost their way, but if U.K. Conservatives have put this in place, then there is no reason we cannot have that debate and put it in place here as well.

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House Hansard - 291