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View Richard Cannings Profile
Mr. Speaker, I will finish by pointing out two things.
First is the obvious change in the world oil market that has happened over the past few days. The world price is now hovering around $30 a barrel. Oil sands projects are not economical at those prices, and there is no indication that those prices will increase back to levels where they will be economical.
Second, according to recent polls, Canadians are increasingly opposed to the Trans Mountain expansion, especially as they see the cost rise to astronomical levels. In B.C., more people now oppose the project than support it.
How much will Canadians pay for the Trans Mountain expansion? Why does the government not abandon this expansion and instead invest those billions into projects that will put people to work in good jobs right now, instead of waiting for some mythical tax profits to magically appear?
Those increased taxes are not going to materialize, they are not going to provide any money to create the good jobs that western Canadians need now, and they are not going to provide money to do the good things around climate action that need to be done right now.
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