I would firstly like to recognize the fact that my colleague, Ms. Chatel, is wearing pink, and to tell her that I appreciated her quote from Simone de Beauvoir, who is always most inspiring.
My next question deals with part 1, which contains 15 measures on income tax. My question is more specifically about the measure seeking to allow the immediate expensing of eligible property by some Canadian businesses. These measures are meant to reduce the cost of investments made by businesses who wish to increase the efficiency of their manufacturing processes or to reduce their carbon footprint. Many of these investments were already eligible for the accelerated capital cost allowance, but the possibility of deducting the entire amount the first year will reduce costs even further.
From what I understand, the measures are wide-ranging and do not exclude businesses who are active in the oil industry. I simply want to know if those businesses are targeted by the measures.
If they are, given the huge investments that are forecast in the gas and oil sector with the Minister from the Environment's blessing, I would like to know if the department already has an idea of the percentage that will go to the oil and gas sector.