44th Parl. 1st Sess.
June 16, 2022 10:00AM
- Jun/16/22 2:39:39 p.m.
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Mr. Speaker, even if the Bay du Nord project pumps the minimum estimated volume of oil, which would be an additional 500 million barrels, the minister keeps saying that this project will achieve net-zero emissions by 2050. I am inclined to say that he is washing his hands of it. However, if oil pollutes while it is being extracted, it also pollutes while it is being used. This oil will never be zero-emission once it is burned in a vehicle in Canada or elsewhere.
Climate change does not care whether it is Canada or another country that is responsible for accounting for the pollution.
In the middle of a climate crisis, how can the Minister of the Environment really claim that Bay du Nord is going to reach net-zero emissions?
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- Jun/16/22 2:40:55 p.m.
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Mr. Speaker, it is absurd to hear the Minister of Environment boast about having the support of environmental groups when none other than Équiterre is taking him to court over Bay du Nord.
It is also absurd to hear him say that the number of additional barrels has no impact, as though more means less. It is utterly absurd to hear him speak about zero-emission oil as though it were green oil. It is even more absurd to hear him defending Canada's responsibility for pollution as a mere accounting exercise, while turning a blind eye to the impact of these oil exports.
The minister is speaking, but what we are hearing is the voice of the oil companies. Does he realize this?
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- Jun/16/22 2:41:33 p.m.
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Mr. Speaker, as I said and will repeat, we are putting a cap on greenhouse gas emissions. This cap will be in line with current levels and will decline over time so we can achieve our 2030 and 2050 targets.
No matter how much oil is produced, companies will have to respect this greenhouse gas emissions cap to ensure that Canada can reach its 2030 and 2050 targets. That is what we are going to do.
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- Jun/16/22 2:46:54 p.m.
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Mr. Speaker, people in northern Ontario often drive an hour to get to work, yet rising gas prices is putting serious pressure in working-class families. Big oil made $100 billion in profits in the first quarter. That is triple what they made last year.
As the finance minister is hanging with the über-rich at the Empire Club, the Liberal government does nothing as working-class Canadians are held hostage at the pumps.
When is the government going to tax these obscene oil profits and put the money back in the pockets of working-class Canadians?
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- Jun/16/22 2:50:34 p.m.
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Mr. Speaker, I am not sure if the hon. member believes that there is collusion in the gasoline price market, but that would be a very serious accusation.
I get that this government does not want to listen to ideas from this side of the House, but perhaps it might be persuaded by the former Bank of Canada governor, who said that in order to tame inflation, we need to get oil prices down.
Various taxes account for almost 60¢ per litre of gasoline. How much higher does gasoline need to go before this government realizes there is a problem?
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- Jun/16/22 3:10:59 p.m.
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Mr. Speaker, Canadians know how important it is to get our product to market and to tidewater. The government does not intend to be the long-term owner of the Trans Mountain pipeline. This is a project that has led to 12,700 jobs, and once completed, Canadians will enjoy full price for our oil on the world market. A divestment process will be undertaken once this project is essentially de-risked and once consultations with indigenous people conclude.
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- Jun/16/22 7:22:20 p.m.
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Madam Chair, he is exactly right. Through this illegal invasion of Ukraine, Canada is seeing we have two very important geopolitical tools in our tool belt, and those are energy and agriculture. We should be doing everything we possibly can to build those two industries up to play a critical role around the world.
Unfortunately, the government is taking a much different approach to those two critical areas. I found it quite interesting that the Liberal government, after the invasion, said that we needed to increase oil production by 35,000 barrels a day. It has been doing everything it can to cancel out that industry, and it is not like it can turn around on a dime. I will tell the House why.
Most of our drilling rigs have left Canada. Most of our best and brightest in the energy sector in terms of labour have left Canada, and they are not coming back just because the Liberals say they are going to temporarily increase energy. I just find it so hypocritical that we have been trying to say for years how important agriculture and energy are not only to Canada's economy but also to global security, and now they are finally waking up when we see a conflict in Ukraine.
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