That, given that,
(i) Canadians are paying almost $2 per litre of gas at the pump,
(ii) oil and gas companies are making record profits,
(iii) Canada spends 14 times more on financial support to the fossil fuel sector than it does for renewable energy,
the House call on the government to:
(a) stop using Canadian taxpayers’ money to subsidize and finance the oil and gas sector, including by eliminating financing provided through Crown corporations such as Export Development Canada, and excluding oil and gas companies from the $2.6 billion Carbon Capture Tax Credit, by the end of 2022; and
(b) re-invest savings from both these measures in renewable energy and in help for Canadians struggling with the high cost of living.