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Decentralized Democracy

House Hansard - 63

44th Parl. 1st Sess.
May 3, 2022 10:00AM
  • May/3/22 2:31:40 p.m.
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Mr. Speaker, people are paying the price of rising fuel costs and of climate change, while the big oil companies are making record profits. Imperial Oil has earned its biggest profits in 30 years. Cenovus earned $1.6 billion in profits. Why does the government continue to give more subsidies to these companies, instead of putting an end to oil subsidies?
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  • May/3/22 2:50:02 p.m.
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Mr. Speaker, today, 112 organizations wrote a letter saying fossil fuel subsidies are undermining our climate goals. The government is fuelling the crisis, handing out billions of dollars to big oil and gas. Today, the minister defended his newest subsidy citing the IPCC, but the Liberals lobbied to highlight this flawed approach. Despite that, the report says carbon capture is the least effective and most expensive option. Why is the government listening to big oil instead of the science?
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  • May/3/22 2:51:09 p.m.
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Mr. Speaker, as Canadians get hosed at the pumps, Imperial Oil has tripled its profits. RBC says four Canadian oil giants are on track to getting $47 billion in revenue. Do we think they would spend any of that mitigating the damage they are doing to the planet? Not a chance when they can mooch off of the Liberal government, which gives them billions in subsidies. In the face of a burning planet, the government has turned itself into an open bar for the oil lobby. My question is for the carbon capture and environment minister. When is he going to do the right thing and stop giving Canadian taxpayers' money to big oil?
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