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View Heather McPherson Profile
View Heather McPherson Profile
2020-03-12 18:39 [p.2056]
Madam Speaker, it is a great honour to speak in the House. I am honoured to speak on behalf of my constituents in Edmonton Strathcona and on behalf of Albertans.
With each passing day, I ask myself if there is a future for my children in Alberta. For 60 years, Alberta has become gradually and increasingly dependent on a single resource sector, a single resource that has driven the economies of Alberta and Canada in times of boom, but also devastated families and communities in times of bust. It is Albertans who have always paid the price for this dependence. Now Albertans face more than just another devastating bust cycle. Albertans are facing economic collapse.
Forty years of Conservative leadership in Alberta dedicated to rip and ship has cost Albertans dearly. It has meant that the value gained from a single resource and the jobs created declined even as production grew. Now, with the global climate crisis threatening our very existence, the world no longer needs or wants this single resource, a resource that accounts for 30% of Alberta's economy today.
Last week, I asked the government what it was going to do to help ensure a future for Alberta. I noted that unemployment in Edmonton, where I live, is the highest in Canada. I asked for investment in Alberta to create jobs now and investment to help diversify our economy for the future. I asked for our government to stop misleading Albertans, to stop telling us that there was going to be some sort of renewal of oil and gas and that it was coming back to $95 a barrel. I asked why the government is failing on diversification and failing to support Alberta workers. The Prime Minister responded, saying, “That is why we have worked to build the Trans Mountain pipeline expansion”. This is not good enough. Albertans desperately need this government to work with us to diversify our economy.
Last week Canadian crude was $47 a barrel. Today it was worth less than $20 a barrel. At the moment, it is $17.58. Last week Alberta was in the midst of an economic crisis. This week we are facing economic collapse. However, we do not have to. We can build a better future for Alberta if this government decides to take action.
My riding of Edmonton Strathcona is home to The King's University, the south campus of the Northern Alberta Institute of Technology and the University of Alberta. There are amazing researchers, inventors and innovators from academia and industry. Since my election, I have been privileged to hear a steady stream of ready-to-implement ideas to lower our greenhouse gas emissions and build our economy. In fact, I am convinced that we have the answers we need to address climate change and diversify our economy if we have the means to implement them.
Translation of research and development into commercialization and practice has always been a challenge for science and innovation. Every great idea or advancement requires funding to come to realization. Some projects, like advanced carbon sequestration practices, do not have access to venture capital because they do not have commercial outcomes. Others, like sulphur removal technologies, may have future commercial appeal but require funding for prototype development now.
Funding for these new ideas is one way to support Alberta. The Liberal government could help Alberta right now by creating an Alberta infrastructure bank for energy and other diversification projects and by targeting investment for—
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