Thank you, Mr. Chair.
My question is about the amendments to the Canadian Environmental Protection Act. In my opinion, they are a step backwards because they will encourage oil companies to take their time before addressing climate change. Let me explain. The carbon tax that large emitters pay is used to fund green projects in the province where it was collected. Right now, if the oil companies don't propose any green projects, they lose that money at the end of the year. Yet, Bill C‑47 invites them to take their time. If this bill passes, the money will be set aside for future use. Therefore, oil companies will not have to put a project in place in the same year. I would like confirmation of that.
I remind you that, if municipalities do not use the carbon tax money for infrastructure in the current year, they lose it. With Bill C‑47, this would not be the case for oil companies. I would like you to confirm that.