Madam Speaker, I will be sharing my time with the member of Parliament for Edmonton Strathcona.
Teck Frontier was never the solution the Prime Minister and the Liberals said it was, and it is not the solution the Conservatives are now claiming it is. Teck is another example of the Prime Minister's failure of leadership on fighting climate change and creating jobs for the future.
I am surprised that we are here for this so-called emergency debate. How does this debate constitute an emergency?
Teck pulled out of a project that was a bad decision economically, given that its business case relied on extremely high oil prices, for decades to come, of over $95 a barrel, much higher than what Teck told its own investors and almost double what our oil prices are currently. It was an even worse environmental decision, given the astronomical CO2 emissions from the project and the impact on land, air and water. The Teck Frontier project would have emitted four to six megatons of CO2 every year in its operation. To put that into context for my Conservative colleagues, four megatons of CO2 is equivalent to the emissions that all the light-duty vehicles in British Columbia produce every year. That is every single car, every single small truck and every single personal vehicle. The Teck Frontier mine would have emitted that amount every single year.
The greenhouse gas emissions from the Frontier mine are fundamentally inconsistent with Canada's climate targets and the Paris Agreement commitments. When we are already so far away from achieving our climate commitments, anyone serious about meeting our climate obligations, our obligations to our international commitments and to future generations, could see that this project could not be approved. Nevertheless, the Liberals looked as if they were seriously considering moving forward with the project. The Liberals committed to carbon neutrality by 2050, but this project would have emitted four to six megatons of CO2 every year until 2067. It just shows that the Liberals' words were just more empty words.
The Liberals keep saying they want to balance the economy and the environment, but they are failing at both. They decided to buy a pipeline for $4.4 billion and now want to borrow an additional $12.6 billion to construct the Trans Mountain pipeline, which will increase tanker traffic on the coast, where my constituents and I live, sevenfold and increase our greenhouse gas emissions in the middle of a climate crisis.
The Teck Frontier mine, the proposal that the Liberal government was seriously considering, would have put endangered species in northern Alberta at high risk, would have devastated irreplaceable wilderness, would have had detrimental impacts on treaty rights and would have knocked us even further off track from our climate goals.