moved:
That the House call on the Prime Minister to immediately repeal the oil and gas emissions cap, which in effect is a production cap.
Mr. Speaker, there is breaking news today, really good news for some. TC Energy just announced that it is investing $8.5 billion in the energy sector. In fact, it said it is betting big on the energy sector. The bad news is that it will be in the United States. That will be $8.5 billion from a Canadian company investing in the United States instead of investing it here in Canada. That is $8.5 billion that will put people to work, pay royalties to state governments, create thousands of jobs in spinoffs and, of course, provide Americans with safe and secure energy sources.
I remember when TC Energy was called TransCanada Corporation. After 10 years of Liberal policies that absolutely devastated the energy sector here in Canada, it decided to take the word “Canada” out of its name, and now it is known just as TC Energy. The Commonwealth of Virginia will have a major pipeline built by Canadian companies. That could have happened here, but not now.
Before I go on, I should just mention that I will be sharing my time with the hon. member for Louis-Saint-Laurent—Akiawenhrahk.
Let us be very clear about why the investment is not coming to Canada. It is because there is a production cap. The Liberals like to call it an emissions cap. It is, in fact, a production cap. If members take away one thing from today's debate, it should be this: If members say yes to the cap, they are saying no to a new pipeline. It is as simple as that.
Let us think back to the election campaign, when the Prime Minister was desperately trying to convince people that he was going to do things differently from the previous Liberal government, the Trudeau government, to which the Prime Minister was a senior economic adviser. When he needed Canadians' votes, he was pretending to be in favour of energy sector developments. He said all kinds of things during the campaign, but as soon as the votes were tallied, the Prime Minister showed himself to be just another Liberal. He has broken those promises and broken all those commitments. He has a long history of opposing energy developments.
The Prime Minister cheered on and congratulated the previous prime minister, Justin Trudeau, when Justin Trudeau vetoed the northern gateway project, which would have taken western Canadian energy to a deepwater port in northern British Columbia, opening up billions of dollars' worth of market access in Asian countries and growing countries with increasing demand for oil and gas, such as India, Japan and Korea. All of that was killed when Justin Trudeau vetoed the northern gateway project, and the Prime Minister cheered him on.
It is completely impossible to build another pipeline as long as the cap stays in place. If the cap stays, no new pipelines will ever be built. It is increasingly clear that the Prime Minister has performed a complete bait and switch, saying something during the election, changing the rhetoric of the Liberal Party, but delivering the exact same policy as the previous Trudeau government.
TC Energy is not the only company building in the United States. Enbridge is as well. Enbridge is building two pipelines in the U.S. Again, these are Canadian companies with strong, proud histories of getting things built in Canada that have to go offshore into the United States to get new projects built. What does that mean for Canadians? It does not just mean lost jobs. Remember, oil and gas production in western Canada fuels the entire country's economy. I should point out that this is an issue not just for western Canada; I know that other colleagues will be speaking to the motion, colleagues from Atlantic Canada too, where their hopes for economic growth are underpinned by the ability to develop their abundant natural resources.
The world is consuming more and more oil and gas. Pipelines are being built in other countries. In fact it is ironic to note, and Canadians should never forget, that while the Prime Minister was cheering on Justin Trudeau and advising him to cancel Canadian energy projects, his company, Brookfield, was investing in other countries to build pipelines in other countries and develop other countries' natural resources. Of course that was fine for his shareholders, and those projects would be even more economically viable in other countries if Canada did not produce its own natural resources.
If Canada develops its own natural resources and we build pipelines here in Canada, then Brookfield's investments in pipelines in other countries will be worth less because it will face increased competition. That is something Canadians should never forget about the conflicted Prime Minister.
It is not just the direct jobs that oil and gas production creates. Every paved road we drive on, every hospital we or our loved ones might have to visit and every school a child goes to is in some way, shape or form funded by natural resource development. When companies invest, they create jobs along the production site. Those workers support local economies, and the royalties gathered by the provincial and federal governments pay for important social services.
Maybe policies like the production cap are the reason that over $50 billion of foreign investment has fled the Canadian economy, right at a time when we need to be firing on all cylinders to respond to the unfair U.S. tariffs. We need more and more money flowing into the Canadian economy to develop our natural resources, to bolster our GDP and to put Canadians back to work when their jobs are disrupted by trade disputes, but instead the government is continuing the attack on the oil and gas sector, the attack on the natural resource sector.
Let us be clear about a few things. Not only will the emissions cap keep investment dollars out of our economy, but it also means that Canada will continue to sell at a discount to the United States. Members may have heard on CBC the Polish ambassador's explaining where Poland is getting its LNG from. When the host asked if it was buying its LNG from the United States, the ambassador had to stifle a laugh. He chuckled and said that not all LNG it is buying from the U.S. is American; some of it is Canadian. Of course, the U.S. buys it from Canada at a deep discount and then sells it to Poland at a big profit. We are literally subsidizing the American economy by means of the Liberal government's policies.
Conservatives have a better idea. Instead of pipelines being built in countries that have terrible human rights records, instead of royalties being paid to governments that do not share our values and instead of people being put to work in other countries, let us bring those dollars home. Let us bring those investment dollars to Canada so Canada can provide the world with a clean, ethical, safe and reliable source of energy. Let us put the steelworkers in Regina back to work building the pipelines. Let us put the engineers back to work. Let us put the blue-collar workers back to work, workers who tap a well and see it all the way through to completion. Let us support our hospitals, schools and roads with the royalties paid by these companies.
Greenhouse gas emissions do not need a passport to travel around the world. If oil and gas production is going to increase, Conservatives believe that we should see it increase here at home, because we know that we can extract our natural resources with the highest environmental standards and the lowest emissions intensity and that Canadians will see the benefit of that.
To conclude, Liberals have a choice. They can vote in favour of our motion and lift the emissions cap, the production cap, or they can say today that they oppose new pipelines, that there will never be a pipeline built under the Liberal government. They could at least be honest with Canadians and provincial premiers, who are desperately clinging to hope that the government might reverse the Trudeau policies. If they vote in favour of the motion today, they would effectively be saying that there will be no new pipelines in Canada under the Liberal government.
As for the list the Liberals came forward with in Bill C-5, let us be clear that giving the power to selectively enforce Canadian laws when it comes to new energy projects will not matter as long as the production cap is in place. As long as the emissions cap is in place, it does not matter what they do with the powers they have given themselves under Bill C-5, because nothing will be able to flow through any kind of project they might support.
The key to energy independence and abundance and to getting off the U.S. market and diversifying our customers and natural resources is to lift the emissions cap. The Liberals have a choice. We call on them to support the energy workers in this country and pull their emissions cap.