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House Hansard - 59

44th Parl. 1st Sess.
April 27, 2022 02:00PM
Context: House Hansard - 59 - Apr/27/22
Mr. Jagmeet Singh
  • Apr/27/22 4:17:49 p.m.
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Mr. Speaker, on the question of orphan wells, we are deeply concerned that profitable oil and gas companies are getting subsidies to do the work they should have done anyway. They should not have left orphan wells that way. To answer the question directly, there are also more than $2 billion of carbon capture credits, which amount to at least $2 billion of additional subsidies. Many scientists point out that we do not know how effective carbon capture technology is. Again, giving billions of dollars to subsidize profitable oil and gas companies with a carbon capture tax credit is absolutely wrong, and it is absolutely an increase in fuel subsidies. That should not happen. Why would we give public money to profitable oil and gas companies, which are gouging people at the pumps? It makes no sense at all.
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