SoVote

Mar/3/22 11:49:57 a.m.
Watch

Madam Speaker, I will take this moment to apologize to any European soccer player who has never played the game and never shown a great propensity to lie on the ground and howl. I apologize to them greatly. We are dealing with something serious here. We are dealing with a party that is using a humanitarian disaster to exploit falsehoods. I will call that out and I will not be silent, because they are trying to fake out Canadians that there is somehow an economic argument. Let us throw mindless amounts of money that will somehow get to Ukraine and make some money. If members want another example, it is like coming upon a horrific car accident, and as we are trying to pull people out of the car accident, someone is climbing over them and saying, “Hey. I'm from Abe's Honest Used Car Service. Let me sell you a car.” This is not what we do in the middle of a humanitarian disaster, because right now, as I said, 12 major LNG projects are not going ahead. Things are not further ahead, but the Conservatives want to build a pipeline of 2,000 kilometres. In Europe right now, stocks in clean energy have taken off. Why have they taken off? It is because Europe knows that its future is in clean energy. Let us talk about Conservative mathematics, and certainly Liberal mathematics too, because the Liberals are now on the hook. They bought a pipeline because Kinder Morgan knew it did not have the financial capacity to build a $5.4-billion pipeline. It went to the Conservative government in Alberta in 2014 and asked it to backstop the TMX pipeline. Alberta said no since the money was not there and the economic case was not there. The Conservatives and big oil accused the Liberals of hating the oil sector, so the Prime Minister signed up and hooked us into a pipeline that is now at $21 billion. Here is the thing. We paid Kinder Morgan for selling us a leaky pipeline and it used taxpayer money to give the CEO bonuses for hoodwinking us. Here is the other thing that is important to know in the scam that we are dealing with in continually giving money to big oil. The cost overruns are locked in at $7 billion. Those are all the extra overruns in the pipeline. For the tolls that run the oil through the pipe, all the extra costs are being paid for by the taxpayer. Not only are we paying $21 billion, but every barrel of bitumen that goes overseas from here on in will be paid for by the taxpayer. That is a pretty good deal for big oil and, again, it is being paid for by the taxpayer. However, that is perfectly normal mathematics in the world of the Conservatives, who think that this is how money should be spent. Why is TMX so fundamentally important to the ideology of the Conservatives and the Liberals? It is because they were never focused on supplying Canada's energy needs. They were not interested in that. They stand and rant about how Saudi Arabian oil, Venezuelan oil and Nigerian oil are coming down the St. Lawrence, but it is not true. Quebec refineries are not using that. This is about export. Why is export so important? It is because none of the emissions of burned bitumen count as part of Canada's total. Right now, our emissions total from exports is more than all the emissions in Canada combined. Talk about the burning the planet. We are looking at an increase of 1.2 million barrels a year thanks to TMX and thanks to the money that is being invested by the government. I will refer to a recent article in Forbes Magazine from January 28, 2022. It says that big oil is using the big tobacco playbook because they realize they have lost the argument in Canada on the energy crisis. People don't believe them anymore. What they have done is turned to export. They are looking to create markets in the global south. They are looking to China, where there are lower standards. That is the economic model and none of those burned barrels of bitumen in places like China or in markets in India will ever be counted in the global total. That is how we burn the planet while getting to net zero. The Conservatives have tried to tell us that this pipeline is some kind of humanitarian grain mission. We do not deal with food in pipelines. I know the Conservatives would love to add it in the mix, but it is not there. However, they keep talking about how this is a clean fuel. The problem is that Canada has failed on this time and time again. I will refer members to the problem with methane. The Prime Minister made a promise of cutting 45% by 2025. We never got there. Now he is saying we are going to get to 75% by 2030. I mention methane because if we cut methane emissions on natural gas, then we can say this is a transition fuel. However, methane is a planet killer. Everybody knows this, but we have not seen the industry take any steps to deal with methane. We can do this. I talk to people in the industry. We can get to zero on methane, yet this planet killer is leaking out of abandoned wells, leaking out of pipelines and leaking out of refineries. What do they do? Of course, they go to the government and say, “Help us.” The Liberal government has held 6,800 backroom meetings with the oil lobby since the Liberal government came in. The Conservatives say the Liberal government is against big oil, but it is just a myth. We have had $121 billion in oil subsidies. The Canadian Association of Petroleum Producers has come forward and said it wants $75 billion in carbon capture. We are paying $21 billion for TMX. We are on the hook for $1 billion for abandoned wells. Then big oil came forward asking to be given money to deal with methane, and the government gave them $132 million to clean up methane. Now here is the thing. What were the goals of the methane reduction program? Number one was to attract investment. Number two was to increase competitiveness. Well, that is not saving the planet. Then down at number three was finding some equipment to help reduce methane emissions. Why does this matter? It is because the environment commissioner has said that Canada, which used to be a world leader, is now at the back of the G7. This methane reduction program was not used to deal with the planet killer. It was used as a subsidy to big oil and it allowed them to increase production. What the environment commissioner also found was that they are not even tracking any of the background emissions. They do not even know how bad methane is. They have not bothered, yet we are writing cheques for $134 million and we do not even know how it is spent. Meanwhile, the planet is burning. The Conservatives have a whole series of myths they try to perpetuate about how hard done by the west is on this and how hard done by oil and gas is. This is a group that is belligerently fighting for billions in taxpayer subsidies to support the typewriter when the rest of the world is moving to the cellphone. I want to point out one of the myths I have been hearing. It is that rules on environmental standards in Canada are somehow scaring off investments. That is simply not true. I refer members to a Wall Street Journal headline that says financial giants are quitting what they call “one of the world's dirtiest oil patches”. That is something they also do not want us to know. Canada's—

1344 words

All Topics

SoVote

House Hansard - 40