Mr. Baldinelli, thank you, and it's a great pleasure.
I'm not very far from you here in Oakville. I can tell you that, from my home right now, you see the electricity that comes from the Adam Beck, one of the few lines left over from 1911.
Of course it does concern all of us, Mr. Baldinelli, when you have the desire by constituents to understand where the economy is going, whether or not the current economic bubble we find ourselves in, not just in terms of housing but lumber prices.... We're now seeing inflation creeping back in.
I think the last thing we need to be visited with is untested, untried technologies that go way ahead of, not just the laws of physics, but what we can see as achievable here in Canada for the time being.
In Oakville, and I'm sure you've driven by them, you see the over 12,000 cars that are sitting there because we don't have microchips. Each of those vehicles is missing 17.
We need to understand that, as we make this transition to the new green or new economy, we can't forget that it can't be done without fossil fuels and without hydrocarbons. I don't think there are many in your constituency or in my former constituency who would disagree with that.
It's an excellent question, but I sense that we have an opportunity in this country to rejoice and celebrate. I am extremely concerned about the fact that, without oil and gas being successful, and manufacturing and now our agricultural sector being adversely affected by carbon taxes, we may find ourselves in a situation where we can't pay off massive debts that we've incurred. I think that's something that's a generational issue.
I was there from 1993 to 1998 when our government had to make some very unpopular choices to cut back on programs: social programs for teachers, for housing, for pensions and for our hospitals. I don't think we want to go down that road. I think we have to be very careful and look before we leap.