I'd like to respond to a few of the comments.
First of all, I completely agree with what Mr. Fergus said about corporate taxes. At the beginning of the 21st century, the federal corporate tax rate was 29%. Today, it sits at 15%, and we are still bemoaning the lack of investment. We were told that reducing the corporate tax rate would lead to investment, but that didn't happen. Even when the late Mr. Flaherty was finance minister, he said that companies were not investing enough. That's my first point.
Second of all, on the matter of the energy east pipeline, the statistics we looked at showed that barely any jobs would have been created in Quebec. We would've had a few during the construction phase, but not many, and once the pipeline had been built, almost no jobs would've been created in Quebec.
What's more, the pipeline, which would have crossed multiple bodies of water, posed enormous risks. The project wasn't rejected because the federal government wasn't willing to promote infrastructure, quite the contrary. We talked about it in our presentation. In its first budget, the federal government signalled its intentions in a certain number of areas. In its second budget, it reiterated its desire for more infrastructure projects.
The pipeline, however, was not a sound investment for the future. Of course, we will continue to use oil and need an oil supply in the short term. What we really need to do, however, is put a lot more effort into developing alternative fuel sources, in order to reduce greenhouse gases. Canada signed on to the Paris accord in 2015, so we need to work a lot harder on achieving those goals, rather than developing pipelines to transport oil.