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House Hansard - 186

44th Parl. 1st Sess.
April 27, 2023 10:00AM
Context: House Hansard - 186 - Apr/27/23
Mr. Warren Steinley (Regina—Lewvan, CPC)
  • Apr/27/23 6:32:47 p.m.
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Madam Speaker, it is a pleasure to join in this debate and to ask a question of my very learned colleague from Lakeland. She is brilliant when it comes to the oil and gas sector. It is unlikely, but is there anything in this budget that will actually help the oil and gas sector? If there is nothing, what could we do as Conservatives to make sure that we get the oil and gas sector up and running when we have the ability to govern?
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Context: House Hansard - 186 - Apr/27/23
Mr. Charlie Angus (Timmins—James Bay, NDP)
  • Apr/27/23 8:35:08 p.m.
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Mr. Speaker, the Liberals believe the budget will balance itself, and the Conservatives believe they can pump out so much oil into the atmosphere that the climate will balance itself. I want to ask my hon. colleague about the huge subsidies going into the TMX pipeline. Joe Biden has said that within nine years, 67% of all vehicles in the United States will be electric. That is going to have a huge impact on creating stranded assets. TMX costs over $30 billion right now, but here is the kicker: In order to be viable, the money gets paid back in toll charges for each barrel of oil shipped, and the Liberals have limited the cost to any oil company to 22% of the cost. That means for every barrel of oil shipped, 78% of the cost will be subsidized by the Canadian taxpayer. Given the massive profits big oil is making, why are Canadians being told they will pay 78% of every barrel of raw bitumen shipped through that pipeline?
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Context: House Hansard - 186 - Apr/27/23
Mr. Daniel Blaikie
  • Apr/27/23 9:38:09 p.m.
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Madam Speaker, I would say that if times were so tough for oil and gas companies, they would not have seen a 1,000% increase in their profit over two years. I think the member should look at the numbers and give his head a shake.
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