Thank you, Mr. Chair.
Minister Guilbeault, welcome to the committee. You took part in productive discussions at COP28 in Dubai. Thank you for ensuring that we were well represented by the Canadian delegation.
I have a question about the Conservatives' position on carbon pricing. In 2022, oil and gas companies made almost $400 billion in profits. We've never seen that figure before. We were talking earlier with Mr. Corson, the president of Imperial, who earns $17 million a year.
When we fill up our tank with gasoline, what main factor determines the price? Is it the price of crude oil? Is it distribution costs? When I did some research, I realized that most of the money that consumers pay for gasoline ends up with the oil and gas companies.
However, carbon pricing is responsible for only 0.15% of the current inflation, as you said earlier. Of the revenue generated by carbon pricing, 90% goes to families.
The Conservatives want to remove this measure, which gives money back to families. However, they don't want to do anything about the major oil companies. If the goal is really to help Canadians, isn't it time to start looking at oil company profits?