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House Hansard - 264

44th Parl. 1st Sess.
December 7, 2023 10:00AM
Context: House Hansard - 264 - Dec/7/23
Mr. Patrick Weiler
  • Dec/7/23 4:49:42 p.m.
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Madam Speaker, the premise of her question is incorrect; I actually voted in favour of the NDP motion. Many countries around the world have brought in windfall taxes on the oil and gas sector, at this time of especially high prices, to be able to provide that support to their residents. I think there is merit in that, because it does target the reason for the increased cost that Canadians are facing. I also want to mention that, today, when we are seeing these record profits in this sector, it is not actually being invested into decarbonizing operations. That is why our announcement today that we are capping emissions from the oil and gas sector is so key: We want those record profits to be invested in reducing emissions. This cap that we are bringing in is actually going to lead to a tremendous amount of new investment in Canada and new jobs, while also making sure that we can meet our emissions reduction targets. It is a very important measure that will be a key plank of our climate action.
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