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Decentralized Democracy

House Hansard - 331

44th Parl. 1st Sess.
June 13, 2024 10:00AM
Context: House Hansard - 331 - Jun/13/24
Mr. Randeep Sarai
  • Jun/13/24 11:23:11 a.m.
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Madam Speaker, it is very clear how they are different. One is subsidizing the production of oil, which emits carbon, especially in the process of production and also when it is burnt. The other is a subsidy in order to capture any carbon that is used in the process and store it so that it does not get into the atmosphere but goes back into the ground or some other place where it will not harm the atmosphere. I think it is a very important subsidy; it is counterintuitive to say that it is not important. It is equally important as doing a lot of the other ones to reduce the production of carbon. We also need to sequester carbon from production, away from the atmosphere.
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Context: House Hansard - 331 - Jun/13/24
Mr. Mario Simard
  • Jun/13/24 11:39:04 a.m.
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Madam Speaker, I would like to thank my colleague from Timmins—James Bay. I have the pleasure of working with him on the Standing Committee on Natural Resources. He is absolutely right. When it comes to oil and gas, I find the Liberals are just Conservatives with a complex. They are trying to hide things. Earlier, the Minister of Environment was saying that we were the first country to eliminate subsidies for fossil fuels. The devil is in the details. What the government wanted to do was eliminate inefficient funding for fossil fuels. When you ask the government what inefficient support for fossil fuels is, they do not know. We have a long way to go. My colleague is absolutely right.
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Context: House Hansard - 331 - Jun/13/24
Mr. Mario Beaulieu (La Pointe-de-l'Île, BQ)
  • Jun/13/24 12:15:23 p.m.
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Madam Speaker, we saw in the motion that the Liberals seemed to be trying to prevent the release of the report. Earlier, we heard the Minister of Environment and Climate Change say that he had stopped subsidizing oil when in fact he continues to subsidize the oil companies in all manner of ways, including the pipeline and so-called carbon capture. What does my colleague make of this doublespeak?
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Context: House Hansard - 331 - Jun/13/24
Mr. Mario Beaulieu (La Pointe-de-l'Île, BQ)
  • Jun/13/24 1:14:23 p.m.
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Madam Speaker, it seems that the Conservatives moved this motion because the Liberals wanted to censor the report. Now the report has been released. The Liberals keep saying that they have stopped funding oil, although they continue to fund oil companies in many ways, from building pipelines to subsidizing new carbon capture processes. Could my colleague comment on the fact that the Liberals keep saying they will stop subsidizing oil but, in fact, they are still funding oil companies?
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Context: House Hansard - 331 - Jun/13/24
Mr. Mario Beaulieu (La Pointe-de-l'Île, BQ)
  • Jun/13/24 1:31:31 p.m.
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Madam Speaker, as everyone knows, the Liberals say they have stopped subsidizing oil, but they continue to do so indirectly. They are subsidizing big oil through the pipeline project, as well as through all the subsidies to help carbon capture and, basically, to help make tar sands oil cleaner. Does my colleague think that oil companies really need these tax credits? Will this not just lead to even more greenhouse gases?
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Context: House Hansard - 331 - Jun/13/24
Ms. Rachel Blaney (North Island—Powell River, NDP)
  • Jun/13/24 4:20:04 p.m.
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Mr. Speaker, I will do my best to be quick. I know that the member and I have a fairly different perspective, but I agree that a lot of people are struggling right now. I hear that in my riding. I also represent a rural riding and understand that transportation is a challenge, and an important one, that I think could be addressed in a lot of different ways. I also am aware of how much money the oil and gas companies are getting. I looked it up: They made $63 billion in profits in 2022, while oil prices soared. The reality is that they are seeing a bigger profit than they have in a long time. We can talk about tax. I am happy to have that discussion, but I think it is also important to talk about price gouging. Has the member spent any time actually doing some research into that aspect of this concern?
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Context: House Hansard - 331 - Jun/13/24
Mr. Xavier Barsalou-Duval
  • Jun/13/24 5:49:31 p.m.
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Madam Speaker, my colleague raises a good point. She asked me whether I am concerned about so much money ending up in the oil companies' coffers. My answer is yes, absolutely. The government is taking our tax dollars and sending them to the oil companies. Here are some figures on oil company profits in 2023. Suncor made $2.8 billion in profits. Imperial Oil made $4.9 billion. Enbridge made $5.8 billion. Shell made $28 billion. How could we not feel sorry for them? Those companies really need our money. I think we have the answer to that question.
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Context: House Hansard - 331 - Jun/13/24
Mr. Xavier Barsalou-Duval
  • Jun/13/24 5:50:44 p.m.
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Madam Speaker, my response will be very brief. The minister just raised a good point. However, I also wonder about the cost of all these tax credits that the Liberal government is offering to the oil companies and all these subsidies in terms of the impact on climate change. That is information that we would very much like to have. Perhaps our next opposition day could be on that issue.
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