Mr. Speaker, I would like to apologize to my hon. colleague. I love the man but he is follically challenged, and sometimes the truth does hurt, as do some of the other Conservative policies. He is a good MP, I will say that.
I want to speak to the bill today in the larger context of where we are with respect to having a national vision
The Conservatives are monkey wrenching my notes. It is like they are after me all the time.
I want to speak to the overall need for a coherent vision, and this bill is part of it.
Today, we have learned that oil production in Canada is at its highest level ever, 3.6 million barrels a day. We know that we are going to have another 500,000 barrels a day coming from Bay du Nord. Of course, the $21 billion in public money from TMX will give us another 800,000 to a million barrels a day. This is the Liberal vision for dealing with the climate crisis. The planet is on fire: let us boost oil production.
The government has put about $18 billion a year into subsidies to oil. What is that getting us?
It is fascinating that if we break down the numbers that are coming out of Alberta today, not only are we at the highest level of oil production ever, we are at the highest profits ever. Over the last year, $140 billion in profits came out of the oil patch in western Canada. That is 75% higher than it was in 2014, but only 7% of that is being reinvested in operations.
Oil operations are like mines. We can run a mine and strip it of its assets, but to make a mine profitable in the long term, we are constantly having to reinvest in construction and involvement. Only 7% is going back into the oil sector, with 25% less workers now and under-record profits. Fifty-two thousand jobs have disappeared out of the oil patch at a time of record profits.
As Bruce Springsteen says in his song, “Foreman says these jobs are going boys and they ain't coming back.” These jobs are not coming back to Alberta, because the oil lobby and the oil sector are putting this money into giving the shareholders the benefits. This is going to international capitalists and lining their pockets on Canadian natural resources. They are also spending the money on automation, so they can get rid of more workers. This is the economic vision, certainly of the Conservatives, who believe that the more oil is pumped up, the more profits that are made, and it does not matter about workers. I look to the Liberals and ask what kind of vision do they have.
We know the Prime Minister made a statement that Canada was back. He said that on the stage in Paris. However, we have seen no coherent commitment for dealing with the environment and with jobs. I challenge the government.
The Alberta Federation of Labour came here with its plan, representing the industrial workers of Alberta, saying that the transition was happening and that its workers were suffering through the transition. It knows there is a better future out there and it has asked the government to come to the table and start working on a coherent strategy.
We hear about the critical mineral strategy. We hear the government talk about a new energy economy, but we do not see any investment. This new energy economy does not appear out of the blue. We cannot wish it in. The Prime Minister cannot just get a tattoo on his arm and create a new energy economy that is a clean energy economy. It requires investments; it requires a strategy.
This is what Joe Biden has done in the United States and this is what we, through the Alberta Federation of Labour, are asking for, a coherent strategy.
What does this mean with respect to potential? Calgary Economic Development did a fascinating report, saying that the clean energy economy was $3.8 trillion. That is the opportunity. There is no place on the planet that has a greater potential for investing in clean energy right now than Alberta. Certainly, Calgary is in the top ten for clean tech investment. It is saying that if we do not start making these investments now, not only does Alberta lose, not only does Canada lose but the planet will lose. It has estimated that if we have a coherent strategy in clean energy, it is a $61-billion opportunity. That is just for Alberta not counting the rest of Canada, which has enormous opportunities as well. This could create 170,000 jobs. That is what we are dealing with.
We are dealing with a planetary crisis, but we are also dealing with a unique opportunity. If members had heard Gil McGowan when he was in Ottawa, he spoke on behalf of the boiler workers, the operator engineers, the electrical workers, Unifor, steelworkers, those who are actually doing the industrial production in Alberta. They are saying that there is a huge opportunity for us to move forward, to move out of boom-and-bust, but if we do not take that opportunity, those jobs are going to go elsewhere. We know they are going to the United States right now, because Biden is stepping up on this.
If we are going to have a coherent strategy to bring in investors, we need a government that actually has a vision. Unfortunately right now, we have Danielle Smith in Alberta. It is impossible to keep up with the idiotic statements coming out of her office. One thing she did last week was abolish the Ministry of Labour in Alberta. She thinks this is red-tape cutting, but this is about certainty. When big employers do not have an oversight for basic things like the occupational health and safety codes or employment standards, they leave themselves open to all kinds of action, if their workers get injured.
Danielle Smith does not understand—
