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Decentralized Democracy

House Hansard - 73

44th Parl. 1st Sess.
May 17, 2022 10:00AM
  • May/17/22 2:29:22 p.m.
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Mr. Speaker, the government is subsidizing profitable companies while they are making massive profits. It does not make any sense. Gas is over $2 a litre, and that is hurting families. Meanwhile, these companies are making massive profits and continue to receive billions of dollars from the Liberal government. Will the Prime Minister support our plan to eliminate oil subsidies immediately and reinvest the money in helping families by doubling the GST/HST tax credit?
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  • May/17/22 3:49:35 p.m.
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Madam Speaker, families in Cowichan—Malahat—Langford right now, when they are filling up their vehicles, are looking at those eye-watering prices, and then they read the news and hear about the billions of dollars of profits that oil companies are making. Then, to add insult to injury, they learn that their hard-earned taxpayer dollars are directly subsidizing those companies, especially in unproven technology. I have a very clear question for my hon. colleague: Does she not agree that this is precisely the wrong time to continue subsidizing oil companies, not only because of the climate danger, but because of the pressure that working families are feeling? Is it not time to directly invest those dollars, instead, into the pockets of working families to help them out and give them a break? I want to hear a clear answer from my Liberal colleague on putting that money directly into working families' pockets through an increase in the GST credit.
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  • May/17/22 3:53:02 p.m.
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Madam Speaker, I would like to point out that Canada subsidizes the oil and gas sector more heavily than any other G20 country. The member talked a lot about subsidies for families, but I would like to talk about subsidies for oil companies. She spoke about the carbon tax. On one hand, the government is taxing carbon, taxing pollution, but then on the other hand, it is subsidizing the polluters. Does she not find that somewhat illogical?
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  • May/17/22 4:19:42 p.m.
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Madam Speaker, instead of subsidizing very profitable big oil companies, the government can provide immediate relief to struggling Canadians by suspending the GST on residential energy bills, doubling the GST tax credit and increasing the Canada child benefit to all recipients by $500. That would be an immediate help for Canadians. By the way, the oil and gas industry should be paying for the work that needs to be done to make the planet better. It is making record profits and can afford to do it. There is no good reason why the Canadian Liberal government continues to subsidize it. That money should be invested in people and renewable energy.
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