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House Hansard - 83

44th Parl. 1st Sess.
June 7, 2022 10:00AM
  • Jun/7/22 1:06:23 p.m.
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Madam Speaker, I agree with my colleague. Carbon pricing is certainly a worthwhile way to fight climate change. However, given what we have learned today and what I read in Le Journal de Montréal on the huge profits that oil companies like Suncor will be making—to the tune of almost triple the profits—I think the Conservatives' proposal is shameful. I also think it is shameful that the government is still agreeing to provide funding for carbon capture strategies and has allocated $2.6 billion in the budget for that. It is going to be you, me and all Quebec and Canadian taxpayers who will be paying for oil companies to produce net-zero oil, which many people feel is completely outrageous. Does the member agree with me that we need to put an end to oil and gas subsidies as quickly as possible?
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  • Jun/7/22 2:36:23 p.m.
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Mr. Speaker, as the hon. colleague knows, the current situation in Ukraine and the unprovoked attack by Russia have resulted in a geopolitical crisis in Europe and elevated energy prices around the world. While Canada's energy security remains intact, we are working with our international allies, and very much with our friends in the United States, to stabilize energy markets around the world. In this regard, we have committed to increasing oil and gas production by 300,000 barrels per day by the end of the year. At home, we have instructed the Competition Bureau to ensure there is no collusion around gas pricing. We are working to ensure that we are putting money back in the pockets of Canadians through the Canada child benefit, tax cuts for the middle class, and other items to ensure we are addressing the affordability of—
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