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Decentralized Democracy

House Hansard - 264

44th Parl. 1st Sess.
December 7, 2023 10:00AM
Context: House Hansard - 264 - Dec/7/23
Mr. Ken Hardie (Fleetwood—Port Kells, Lib.)
  • Dec/7/23 1:47:41 p.m.
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Mr. Speaker, I do value the hon. member's input, but I have a question. In an era when big grocery is raking in massive profits, which, unfortunately, the opposition does not want to talk about, does the old Conservative idea of trickle-down economics square? Can the member guarantee, if we take the tax off farmers and truckers, that it will trickle down to the consumer or will it simply absorbed by the folks up and down the chain? Some hon. members: Oh, oh!
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Context: House Hansard - 264 - Dec/7/23
Mr. Mike Morrice (Kitchener Centre, GP)
  • Dec/7/23 3:13:59 p.m.
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Mr. Speaker, it has been two years since the PM promised an oil and gas cap; today we learned what big oil's 2,000 meetings with the government got it. It got a so-called cap that will allow oil and gas production to go up; carve-outs for big oil to buy its way into compliance using the excess profits it has gouged from Canadians; and a weaker oil and gas target than even the insufficient one that the government had previously set. When will the current government put our children's future ahead of big oil's greed?
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Context: House Hansard - 264 - Dec/7/23
Ms. Lisa Marie Barron (Nanaimo—Ladysmith, NDP)
  • Dec/7/23 4:48:49 p.m.
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Madam Speaker, there is one thing that I am not hearing being talked about and that is missing from this motion. This is making sure that big oil pays its share. We know that Canada's five biggest oil and gas companies had $38 billion in combined profits last year, and they are on track to make record profits once again in 2023. The recent PBO report stated that, if it followed through, Canada could generate $4 billion in revenue from a windfall profit tax from big oil and gas. When the NDP called for big oil to pay what it owed to get more help to families, why did the member side with the Conservatives and vote against it?
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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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Context: House Hansard - 264 - Dec/7/23
Mr. Mike Morrice (Kitchener Centre, GP)
  • Dec/7/23 5:04:03 p.m.
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Madam Speaker, I understand that the member for Miramichi—Grand Lake is concerned about the carbon tax going up in his community. It is true the carbon tax went up two cents a litre last year and the rebates went up more for most folks, but what is also true is that the profits of the oil and gas industry went up 18¢ a litre for every single constituent of his as well. I wonder if the member is similarly concerned about the excess profits, the gouging that is happening and what he is proposing to address that, for example, taking those profits and directing them toward adjusting the affordability concerns of folks in Miramichi—Grand Lake.
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