Mr. Speaker, I thank all my colleagues who spoke on this bill. Whether they agreed with it or not, I appreciate that they took the time and effort to speak in the House today.
When I ran for office, I was incredibly concerned about the Canadian economy. I am a proud Canadian and a proud Albertan, and I am absolutely proud of our resource sector, which has been fuelling a lot of our economy.
Bill C-48, which would be displaced by my Bill C-229, was never about marine traffic transportation safety or ecological life in northern B.C. It really was a bill that restricted the ability of the strong oil and gas sector to continue to grow. It has become even more apparent now, with the debate over Keystone XL and our ability to get our products to market.
There has been a massive exodus of energy dollars from Canada. We can argue that is world demand, but I am not part of that argument. If we look at recent history, Norway has planned a massive expansion into the Arctic for expanded oil and gas. In Russia, Vostok Oil is planning a massive expansion. The U.S. has become one of the largest exporters of oil and gas, and a lot of that is coming out of Canadian reserves.
Canada has this fantastic position, in that we are the third-largest reserve in the world and we have this enormous opportunity to extract our resources in a safe and environmentally friendly way and play into the market.
Over the last few days, we have been discussing a trade agreement with the U.K. It is interesting to look at the U.K. Where do its imports come from? Norway, the U.S., Algeria, Russia and Nigeria are its big suppliers. Canada is not even a player. Canada is 97% into the U.S. and 3% into the international market.
I firmly believe that we can safely extract oil and gas within our country and ship it in a safe fashion. It is not like we do not have tanker traffic in this country. We have tankers going up the east coast, delivering crude to refineries there, and we all realize that the St. Lawrence has consistent tanker traffic day in and day out. We are able to do that in a safe fashion and protect the environment and our citizens.
Let us not forget that our federal debt-to-GDP ratio is at about 15% and growing. We are looking at a federal debt in excess of $1 trillion by the end of the year. We have the highest unemployment rate in the G7. Oil is one of our largest exports, primarily to one customer.
Does anyone really think that Canada can come out of this massive recession without a strong oil and gas sector and without being part of the international market? We have the opportunity to gain market share. We have the opportunity to displace players who do not follow the same rules we do as Canadians.
This is a bill that would right a wrong and fix an incredibly discriminatory piece of legislation. It is a bill that is essential for an industry that has helped fuel the economy of Canada, and I am incredibly proud of it. It is essential for the thousands of workers who are proud of their work in that sector and the product they produce. It is essential for manufacturing in Canada in a variety of fields. It is essential to the environment. If Canada has the opportunity to displace those bad players, we can do that with some of the most stringent environmental and labour standards. It is essential to respect the right of the provinces to get their product to market.
I live in a province that feels that it has been left out. I believe this is an opportunity for us to right a wrong, get Albertans and Canadians back to work, and be proud of the work that we can do here in Canada.
