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Context: House Hansard - 114 - Oct/20/22

Oct/20/22 11:00:55 a.m.
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Madam Speaker, the member opposite knows I have respect for him, but the reality is he asked a question about corporate contribution to broader policy objectives and then also CEO pay. If the member opposite thinks we should increase taxation on high-income Canadians, I am happy to have that conversation in a debate in this chamber. As it relates to oil and gas companies themselves, we are trying to incentivize them to make important investments to reduce the carbon intensity associated with their products, such that the Canadian oil and gas sector will have a future in 2050 for the smaller market that is going to exist globally. It is important for Canada's competitiveness in this space to be able to reduce our emissions intensity. We are trying to incentivize the oil and gas companies to make that investment, similar to the $25 billion that was done just this past week.

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Context: House Hansard - 114 - Oct/20/22

Ms. Monique Pauzé

Oct/20/22 11:32:29 a.m.
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Madam Speaker, as I said in my speech, that does not affect Quebec. Our heating costs are not going to increase, because we have a carbon exchange. There is something else or another element that could be relevant, and that is energy efficiency. In Quebec, we have Hydro‑Québec's innovative projects program to develop high-performance energy-efficient real estate projects. That is another way to move away from oil. We also have the energy transition master plan, which will make $12.7 billion in investments by 2026 to help people transition away from oil. Those are some solutions we could think about when looking to the future.

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Context: House Hansard - 114 - Oct/20/22

Mrs. Julie Vignola (Beauport—Limoilou, BQ)

Oct/20/22 1:34:09 p.m.
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Madam Speaker, when I invest in something, usually it is to try to renovate my home, so it lasts longer. I want added value. I want to see a return. In the case of my home, the return is that it lasts longer. For the last 50 years, we have made massive investments in oil and gas companies and oil and gas development without seeing a percentage of the profits, other than what is received through taxes. This is without any commitment from the companies to clean up. Now, we have companies making billions of dollars in profit. These are profits like they have never seen before. Would it not be much better for the entire population if the oil companies, which make money on the backs of workers, consumers and the government—which invests heavily in the industry—were taxed on their profits?

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Context: House Hansard - 114 - Oct/20/22

Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)

Oct/20/22 2:32:28 p.m.
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Mr. Speaker, I am happy to address that member's question. For weeks now, the Leader of the Opposition has considered our pandemic spending frivolous. I respectfully disagree. I think the millions of Canadians who kept their jobs and stayed employed because of the CEWS disagree. I think the millions of Canadians who were able to feed their children because of the CERB disagree. I think the hundreds of thousands of businesses whose doors are still open today because of our investments would disagree. Thank goodness we were here, because the Leader of the Opposition does not want to lead.

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