Quite clearly, the minister is simply unable to provide a number, which is clearly ridiculous. When I ran the environmental program at a paper mill, we installed a waste-water treatment plant and we knew exactly how water quality would improve because of the installation of that plant. What you're telling Canadians here is that they will be asked to pay a $50 carbon tax—probably increasing over time—and there is absolutely no measurement of what the environmental effect will be. That's basically what I'm hearing, and that's fine.
I now would like to address the issue of competitiveness. What I heard from both ministers is simply beyond belief in terms of how this will help Canada's competitiveness. It will help to destroy it. In fact, my first job as a young fisheries biologist was doing pipeline assessments in the Mackenzie Valley. Twenty-five years of process on that potential project killed that project, and now we have impoverished communities all along the Mackenzie Valley because that pipeline was not built. Bad process kills projects.
For example, on February 9, 2018, Steve Williams, the CEO of Suncor, said that Suncor was to shun major new projects amid Canada's “difficult” regulatory environment, and we're one of Canada's major oil companies and we're not investing here anymore....
I have a paper here: “Pipeline shortage to cost the economy $15.6 billion this year”. Maybe you wouldn't run into so many deficits in your budgeting if you allowed the economy to actually proceed and create income. In terms of the legal review of Bill C-69, in the legal Daily publication, the headline reads, “Bill C-69 aims to expand and speed federal reviews, but lawyers doubt process will be faster or cheaper”.
Quite clearly what your government is doing is severely constraining the development of Canada's natural resource industries. You're reaping the remnants of the good governance under Stephen Harper, but that will quickly dissipate. How will you ensure investors with a process like this? Why do you think someone like Steve Williams has decided to shun Canada in terms of investing?