Thanks, Mr. Chair.
First, I have a bit of a rebuttal to Mr. Fraser. What I've been saying all along is that when you provide $750 billion in liquidity supports, you're socializing the risk. The $29 billion so far, during the pandemic, that Canada's big banks have earned is privatized profit.
That is my objection. There are absolutely no conditions banks need to respect, unlike other countries where there are strict criteria for this magnitude of support.
I also remind Mr. Fraser that the Liberals were critical when the Conservatives provided $160 billion in liquidity supports back in 2008-09. That is my rebuttal there.
The other element today, in terms of the financial practices of the government, is the PBO's report on Trans Mountain. It indicates that the most likely scenario now is rising prices, again, with $13.9 billion for construction. The Parliamentary Budget Officer estimates it could go well beyond that. It's not a viable project, and ultimately it will lose money unless the government doesn't proceed with any further plans to combat climate change. Only one out of 18 scenarios shows that Trans Mountain can ever earn money.
Given the size, scale and magnitude of the money involved in this project, has the Department of Finance been consulted to do an analysis of the viability of the project and the impacts on climate change? Is it advisable for the federal government to spend $14 billion of taxpayers' money now to construct this project that will almost certainly lose money?