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Decentralized Democracy

House Hansard - 285

44th Parl. 1st Sess.
February 26, 2024 11:00AM
Context: House Hansard - 285 - Feb/26/24
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Feb/26/24 6:00:15 p.m.
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Mr. Speaker, I have always enjoyed having exchanges with the leader of the Green Party. I know she gives a great deal of thought to her presentations and, ultimately, her questions. I think some questions are a little easier to answer than others. We have a Prime Minister and through the Prime Minister a Minister of Finance, our Deputy Prime Minister, who have taken the issue very seriously. I do not need to tell the House, because everyone knows, of the ethnic heritage of our Minister of Finance and how she really does have an appreciation of what is taking place in Ukraine today and the impact that oil is having in supporting Russia. I do agree with the leader of the Green Party when she talks about the misconception of the price on pollution as being the sole source of the exorbitant prices that people are having to pay for gas. It is something that is not necessarily new. She put a great deal of emphasis on, today in particular, the war. There is no doubt that it has had a significant impact. I would suggest that excess profits is something that has been ongoing. Governments in the past have tried to deal with it, both at the federal level and at the provincial level. We have seen regulations in different provinces, both in Atlantic Canada and out west, where there have been attempts to deal with some of the excess profits. At the national level, standing committees have attempted to deal with it. I understand that the leader of the Green Party is saying to just have an excess profits tax imposed. I do not fully understand how that works, to be honest. What I do know is that the Minister of Finance has been very open in terms of listening to arguments, in particular those that have come out of the pandemic, with regard to the huge amount of profits in different sectors. I am thinking of the financial area, where we have put in some specific taxes on companies where there was extreme wealth. I do not know to what degree there is a willingness to do something today on that front. I do believe that there is a great deal of discussion taking place. I think that we also have to factor in other elements of the debates. At the end of the day, I do not think anything is off the table, per se. Some might take a little longer to move forward. The cost of fossil fuels, as I indicated, has been a frustration of mine for many years. In fact, shortly after getting elected in 2010, I had a presser that talked about the price of gas and the collusion that was taking place that led to excess profits. Maybe one of the ways we can deal with that is to enhance competition or boycott one particular station until it lowers the price of a litre of gasoline to a certain level. I think that consumers are frustrated. I am really encouraged that in Winnipeg we have a new gas company, 204 Fuel's, which has provided a great deal of competition. I can say that where that gas station exists, the price of gas has actually been going down; its price is consistently lower than everyone else's.
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