SoVote

Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)

May/17/22 4:33:47 p.m.
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Madam Speaker, the hon. member's riding includes Windsor, which is where my grandmother was born and raised. As he said, it is not a wealthy riding. I just checked, and the median income there is $31,000, which means more than half of his constituents were too low-income to benefit from the Liberals' much-vaunted tax cut for the middle class. All this is to say, I am just wondering if he could comment on the fact that we have multinational oil companies making billions of dollars in profits while we are spending tax money to support them. We are doing this, in various ways, to the tune of billions of dollars a year. How can he justify that, with where we are in the world today, when we have to move away from the oil and gas sector? Why are we supporting these very profitable companies with tax dollars?

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Context: House Hansard - 73 - May/17/22

Mr. Kody Blois

May/17/22 4:34:57 p.m.
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Madam Speaker, indeed, we are very blessed to have deep connections to Windsor. It is a beautiful township, which I have the privilege of representing. I will try to address the question twofold. The member opposite talked about some of the tax credits and incentives this government is putting in. I have said in this House before that I believe there will be an oil and gas industry in 2050. The oil and gas market will be much reduced globally, but Canada has a role to work with energy companies to help reduce emissions to be able to also position them on competitive footing heading into 2050. Canada still has a role to play in that market. The question I would then ask back, and I have posed it to the NDP before, is this: Where do we stop? If not oil and gas, do we have other roles in working with the private sector? It has made it very clear it is against oil and gas on public financing and support for reducing emissions. Should that extend to other sectors? It is not clear to me based on the responses so far.

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Context: House Hansard - 73 - May/17/22

Mr. Kody Blois

May/17/22 4:36:44 p.m.
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Madam Speaker, in a world where we are going to see a smaller role for oil and gas, and I think the International Energy Agency has said that, my thoughts are we actually need to work with the Canadian energy sector to make sure its emission intensity per barrel is some of the lowest in the world. That comes back to the CCUS and how important that is. We also, undoubtedly, need to make a transition. I am just trying to be realistic in that I believe this product will still be important. Canada is the fourth-largest oil producer in the world and the fifth-largest for gas. How can we work to reduce emissions so Canada still has a role in the energy that will still be needed? To the geopolitical piece, our role right now in the world has to be engaging with our allies to find opportunities to provide energy security, which would include natural gas in the short term. Longer term, it will be hydrogen and working on critical minerals to support energy transition. It is a really important question, and I hope we can continue with it here in the House.

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Context: House Hansard - 73 - May/17/22

Mr. Kody Blois

May/17/22 4:38:30 p.m.
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Madam Speaker, I would normally respond in French, but I will speak in English so as to be very clear. It is very easy for that member to suggest that Canada being the fourth-largest oil producer is a bad thing. That is the way he framed it. This is a resource that has been extremely beneficial from Victoria to Newfoundland and Labrador, and everywhere in between, including in his home province. We have an obligation to work with the Canadian energy sector to make sure it is on competitive footing and reducing emissions, while also transitioning to technologies to transition to lower-emission fuels as part of our commitment to net neutrality in 2050.

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Context: House Hansard - 73 - May/17/22

Mr. Francesco Sorbara

May/17/22 4:51:48 p.m.
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Madam Speaker, I am completely and utterly for innovation within the oil and gas industry that will reduce greenhouse gas emissions. As we continue to earn revenues from this sector and as we continue to export this product to markets that need it, we are talking about energy security and the North American energy markets. They are very integrated, and we work together with our partners, but I continue to see innovation as being crucial, in terms of reducing greenhouse gas emissions across this beautiful country we call home.

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Context: House Hansard - 73 - May/17/22

Mr. Alexandre Boulerice

May/17/22 5:05:06 p.m.
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Madam Speaker, we would support it if it worked and if we had scientific evidence that it could be used and would help us make progress. Some 80% of greenhouse gas emissions come from the burning of oil, not the life cycle fraction of the barrel of oil when it is extracted. In the United States, 80% of carbon capture projects have failed. There is even a Shell carbon capture operation near Edmonton that produces more greenhouse gas emissions than it captures.

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