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House Hansard - 129

44th Parl. 1st Sess.
November 17, 2022 10:00AM
Context: House Hansard - 129 - Nov/17/22
Ms. Elizabeth May (Saanich—Gulf Islands, GP)
  • Nov/17/22 6:32:15 p.m.
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Madam Speaker, I am raising tonight a question I initially asked in June of this year. I was basing my question on a written question on the Order Paper relating to the ongoing costs to the Canadian taxpayer of the reckless and pointless Trans Mountain pipeline expansion. In the question on the Order Paper, I pointed out that the Minister of Finance had said earlier that year that, with the rising costs of the Trans Mountain pipeline, as demonstrated by the reports from the corporation itself, which is a crown corporation owned by us, she was going to ensure that no more public money went into this crown corporation. However, a question on the Order Paper pointed out that the assessment of the ongoing debt of the project was reviewed by the TD Bank and described as confidential for commercial reasons. Therefore, we were not going to get to find out. An independent economist within British Columbia, one of our leading economists Robyn Allen, pointed out that, no, we have ongoing costs for the tariffs and we have debt from the Trans Mountain pipeline expansion and that those debts are likely to be written off, leaving Canadians holding the bag once again. As disturbing as the analysis about the ongoing debt of the Trans Mountain pipeline is, it was the outrageous response of the member for Edmonton Centre, who is also the Minister of Tourism and also a deputy finance minister, that forced me to say that this better come forward at Adjournment Proceedings. In the short space of his 30-second response, he made three statements that were not true factually. He probably believes they are factual. I am not saying he is in any way dishonest; most people seem to believe this rot. First, he said, “Canadians know how important it is to get our product to market and to tidewater.” There are two mistakes there. There is no market for dilbit. Nobody in Asia is clamouring for dilbit. This is demonstrable and empirically true and, if we have another chance in late show, I will bring forward all the statistics of how few tankers have left Vancouver with available dilbit. There is no market. Second in the ridiculous statement is just misleading. It is that this project has led to 12,700 jobs, once completed. That suggests this is a job creator. The job creation is only the construction. It creates fewer than 100 permanent jobs. There will be many jobs if they ever have the horror of a seven-fold expansion of tankers carrying dilbit, because dilbit is a material that cannot be cleaned up in the marine environment. Therefore, there will be many thousands of people going to shorelines in a futile attempt to restore the ecosystem if we allow this horror to happen. Third in his statement is that, if we do this, “Canadians will enjoy full price for our oil on the world market.” This is another big whopper that is just impossible to be true. Dilbit is diluted bitumen. Bitumen is solid, like tar. They add the diluent, not to process it to make it more viable but to get something solid to move through a pipeline. Guess what. It has a very low value, inherently low. It does not become more profitable or get to world price because it gets to tidewater. It is just a low-value product that is very expensive to produce and that produces more greenhouse gases than nearly any other fossil fuel. Last, the member suggested that it is going to be derisked. The Minister of Finance says this too. It is nonsense. It is a risky project financially and it is a fatal project environmentally.
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