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Decentralized Democracy

House Hansard - 331

44th Parl. 1st Sess.
June 13, 2024 10:00AM
  • Jun/13/24 11:11:46 a.m.
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Madam Speaker, my colleague probably already knows this, but Canada is the only G20 country to have eliminated government subsidies for fossil fuels. We did that last year. No other G20 country has done so. In addition, we did so two years ahead of the 2025 deadline. We even committed to doing more and eliminating indirect subsidies that are provided through Crown corporations like Export Development Canada, or EDC, and the Business Development Bank of Canada, or BDC. As for the second part of her question, she correctly read an excerpt of the letter from the deputy minister of Environment and Climate Change Canada, requesting that the Parliamentary Budget Officer simply be careful. We needed to make sure that we did not violate any privacy laws by providing this information. We checked, and the information is now public.
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  • Jun/13/24 11:22:34 a.m.
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Madam Speaker, the Liberals keep harping on the fact that they abolished subsidies to the oil companies. However, former minister Catherine McKenna said that the carbon capture tax credit “should never have happened, but clearly the oil and gas lobbyists pushed for that.... We are giving special access to companies that are making historic profits”. I will spare my colleagues the rest of the quote, but I would like someone to explain to me how the carbon capture tax credit is so different from the subsidies the Liberals are supposed to have abolished.
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  • 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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  • Jun/13/24 12:15:57 p.m.
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Madam Speaker, it is clear that the Liberal government has no credibility when it comes to subsidies for the oil companies. Let us not forget that the public investment in developing the Trans Mountain pipeline was enormous. There were a lot of subsidies for helping with the expansion and the development of the oil companies, which led to an increase in GHG emissions in Alberta, without any plan to lower them. The question is: what about the GHG target? Mr. Trudeau made a promise, but where is the plan?
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  • Jun/13/24 1:15:09 p.m.
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Madam Speaker, the member said that a report was tabled. Once again, this is not a report. This is data. It is literally data sheets, Excel spreadsheets. The member asked a question about funding big oil. We do not have fossil fuel subsidies anymore. We do have initiatives to help with things like carbon capture. Do I think that carbon capture is the long-term solution? Absolutely not. Do I support the idea of carbon capture in the interim? I know how much fossil fuel we need and depend on right now; if there is an interim solution to get us to another place, then I support carbon capture. However, I reject the premise of the question. It suggests that we are continuing to subsidize the fossil fuel industry, but we are not. We phased it out earlier than in the original timeline we had.
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  • 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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  • 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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  • Jun/13/24 9:19:08 p.m.
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Mr. Speaker, the OECD has reported that Canada will have the lowest private sector investment in our economy this decade and then, as a result, in subsequent decades. It is because of taxes. It is because of spending and regulation that is chasing away that investment, and while the member points to one example where there was heavy government subsidies, that does not preclude the macroeconomic picture that I spoke about. I had the opportunity to knock on doors in the hon. member's riding fairly recently, and he may want to try that sometime soon and hear from his constituents. Without a doubt, the cost of living, the carbon tax and their mortgage increases are what I heard about over and over again at the doors in Niagara Centre.
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