SoVote

Decentralized Democracy

House Hansard - 261

44th Parl. 1st Sess.
December 4, 2023 11:00AM
Context: House Hansard - 261 - Dec/4/23
Mr. Alistair MacGregor (Cowichan—Malahat—Langford, NDP)
  • Dec/4/23 7:56:53 p.m.
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Mr. Speaker, I have been looking at some of the financial information from the oil and gas sector. There is very clear evidence that it has now shifted to a capital discipline, flat growth and high shareholder return strategy. In fact, most of the obscene profits right now are going into stock buybacks and dividend payouts, often to foreign investors. If we want to talk about capital that is fleeing the country, it is the obscene profits from oil and gas companies that are leaving the country and not being reinvested in Canada. The reason Wayne Gretzky was such a good hockey player is that he always went to where the puck was going to be. Why can the Conservatives not see this? Why, every time they are in this House, do they stand up for their corporate buddies instead of the workers who are in those industries, who want to make this transition and have the jobs that are going to be prevalent in a 21st-century economy?
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Context: House Hansard - 261 - Dec/4/23
Mr. Branden Leslie
  • Dec/4/23 7:57:46 p.m.
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Mr. Speaker, that is exactly what we are doing right now. We want to stand up for the workers, who want to have their voices heard in the face of a government that is trying to put their livelihood not just at risk but out of business. The reason that money is flowing out of this country is the regulatory uncertainty that the Liberal-NDP coalition is imposing on investors. Why on earth would one want to invest in a country where cabinet could just decide, no, that has passed all environmental objectives, so we will just cancel the project? That is why investment is flooding away from this country.
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