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House Hansard - 121

44th Parl. 1st Sess.
October 31, 2022 11:00AM
  • Oct/31/22 2:45:05 p.m.
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Mr. Speaker, this weekend, the environment minister criticized oil and gas companies for paying out huge profits to their shareholders instead of taking climate action, but it is hard to believe the minister's fake outrage when the Liberals are still handing out billions of dollars to big oil, all while these corporations rake in record profits. The minister will not put a windfall tax on these excess profits to invest in climate action and make life more affordable. Will the minister finally stand up to big oil by making them pay what they owe?
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  • Oct/31/22 2:45:38 p.m.
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Mr. Speaker, we know two things for certain: oil and gas emissions must come down, and energy companies are making record profits. Like us, energy companies must put their shoulder to the wheel and begin investing in pollution reduction. We need to work together to create the clean economy and the good jobs of today and tomorrow. We will be with them every step of the way as we meet our 2030 targets on our way to net zero by 2050.
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  • Oct/31/22 6:19:05 p.m.
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  • Re: Bill S-5 
Mr. Speaker, for hours, days and even weeks now, I have been hearing my Conservative colleagues talk about the carbon tax and how the oil companies are going to pass the tax on to consumers. I might have a suggestion, and I would like to hear my colleague's opinion. We could enshrine an obligation in the act to ensure that the carbon tax is paid directly out of the oil companies' profits and not passed on to consumers. I think the oil companies can well afford it, considering their record profits. I would like to hear my colleague's thoughts on that.
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