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House Hansard - 296

44th Parl. 1st Sess.
April 9, 2024 10:00AM
  • Apr/9/24 3:26:14 p.m.
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Mr. Speaker, there certainly is an affordability crisis in this country, in large part caused by oil and gas companies across the country that are gouging Canadians at the pumps. While the carbon tax went up just over 3¢ a litre last year, and rebates went up with it, the profits, pure profits, of the oil and gas industry went up 18¢ a litre, to just over 42¢ or so, yet there is no mention of that in this motion. Does the member have any explanation for why that is the case?
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  • Apr/9/24 3:26:50 p.m.
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Mr. Speaker, speaking of profits, we simply have to do the math. This government is promising to quadruple the carbon tax. If we take my example of $100 in natural gas costs and $100, right now, of carbon tax, and quadruple that, there is a massive amount of profit by this government right now, not by oil and gas companies.
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  • Apr/9/24 3:51:32 p.m.
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Madam Speaker, over the course of 2024, I have been paying keen attention to gas prices in my region. What I noticed was, from February to March, the price jumped by 30¢ per litre. It went from $1.59 per litre to $1.89 per litre. British Columbia has its own system. On the day of the carbon tax increase on April 1, it went from $1.90 to $1.93. One week after that, in many regions in my area, it then shot up again on its own to about $2.04. There was a massive increase, all on its own, compared to the April 1 increase, yet there is complete deafening silence from Conservatives. I believe this is because they do not want to upset their oil masters in Alberta. There is deafening silence. At the agriculture committee, we had some figures presented to us by Dr. Jim Stanford, who showed us that, from 2019 to 2023, oil and gas profits in this country went up by over 1,000%. What are my hon. colleague's remarks on the deafening silence we hear from Conservatives when it comes to oil and gas profits and how the oil and gas companies are gouging Canadian families, not only in my riding, but also in ridings right across the country, from coast to coast to coast?
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  • Apr/9/24 3:52:59 p.m.
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Madam Speaker, it is an excellent point, and he is absolutely right it is silence from the other side. To add even more on to that, Premier Smith in Alberta also timed her four-cent increase for April 1. We have the oil and gas companies piling on, and we have the Government of Alberta piling on, but everybody is pointing the finger at the federal government because of three cents. That is what I find so disheartening. He is absolutely right. Where is the outrage when it comes to the wicked profits being made by the oil and gas sector? Why do we not see outrage from the Conservatives on that? Why do we not hear outrage when Danielle Smith increases the per litre gas tax by more than the carbon tax on the exact same day? It is because that does not serve their political purpose.
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