Evidence of meeting #112 for Natural Resources in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was project.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Greg Reade  Assistant Deputy Minister, Economic Development and Corporate Finance Branch, Department of Finance
Jeff Labonté  Associate Deputy Minister, Department of Natural Resources
Anne David  Director, Corporate Finance and Asset Management, Economic Development and Corporate Finance Branch, Department of Finance

The Chair Liberal George Chahal

Thank you, Mr. Patzer.

Members—

11:35 a.m.

Conservative

Shannon Stubbs Conservative Lakeland, AB

To add to his point of order, we're all doing a job here for debate, and—

The Chair Liberal George Chahal

Thank you, Mrs. Stubbs and Mr. Patzer for the point of order.

We are doing our jobs. Mr. Angus is waiting patiently so he can do his job. I will ask colleagues to not be disruptive. Let's focus on the committee meeting that we have today with the ministers.

I'm going to you, Mr. Angus. You have six minutes.

Charlie Angus NDP Timmins—James Bay, ON

Thank you, Ministers.

I have a simple question, Ms. Freeland.

Do you believe there's a direct connection between increased fossil fuel burning and the climate catastrophe?

Chrystia Freeland Liberal University—Rosedale, ON

Of course.

Charlie Angus NDP Timmins—James Bay, ON

Oh, good. Everybody I've asked who supports TMX says there isn't, so I wanted to know where the buck stops on this.

I remember when the Prime Minister went to Paris. He made legally binding commitments. He said “Canada is back", and since then oil production in Canada has increased 41%. Thanks to TMX, Cenovus production will increase from 800,000 barrels a day to 950,000 barrels a day. Heavy bitumen is going to increase by 500,000 barrels a day.

I noticed that you mentioned all the positive things, but you didn't mention climate. Do you think all of this increased oil production is going to have an impact on the climate?

Chrystia Freeland Liberal University—Rosedale, ON

Mr. Angus, with total sincerity, I respect you so much and the work you've done for many—

Charlie Angus NDP Timmins—James Bay, ON

That's not the question.

Chrystia Freeland Liberal University—Rosedale, ON

I know that, but—

Charlie Angus NDP Timmins—James Bay, ON

I don't care whether you respect me or not.

Chrystia Freeland Liberal University—Rosedale, ON

Well, I care.

Charlie Angus NDP Timmins—James Bay, ON

Do you think this increased fossil fuel burning is going to have an impact, yes or no?

Chrystia Freeland Liberal University—Rosedale, ON

I care, and here's what I want to say. We can have a climate plan and an economic plan that go together. We can have a plan for working people and good jobs in Canada and for energy security and for climate at the same time.

I want to quote one of your colleagues, Heather McPherson, whom I also respect. She said, “The NDP has always been the party that supports the working class”.

Charlie Angus NDP Timmins—James Bay, ON

Absolutely.

Chrystia Freeland Liberal University—Rosedale, ON

She also said, “we will always make sure that we don't leave the workers behind.... One of the things we've learned is, if we don't balance protecting the climate and protecting Alberta workers, you don't get buy-in.”

I agree with that.

Charlie Angus NDP Timmins—James Bay, ON

I would love to have a Heather McPherson here in your position, but she's not.

My question is this: Do you believe there is a connection between this increase that's happened under the Prime Minister and the climate crisis, yes or no? That's all. I don't need all the other stuff.

Chrystia Freeland Liberal University—Rosedale, ON

No, the reality actually is that our government has bent the curve for the first time, and we are simultaneously having economic growth and emissions going down.

Charlie Angus NDP Timmins—James Bay, ON

Yes, but not in the oil sector.

Chrystia Freeland Liberal University—Rosedale, ON

That is a huge accomplishment. It is an accomplishment that all sectors need to contribute to, and they are.

Charlie Angus NDP Timmins—James Bay, ON

Okay. Thank you for that.

The number one thing you said was the fair market value, that we've closed the barrel differential to $12. Yet we're subsidizing, according to the Energy Regulator, $13 a barrel that comes down the pipe. How does that work?

Chrystia Freeland Liberal University—Rosedale, ON

I'm glad you talked about the price differential. I'm going to quote another great NDP woman—

Charlie Angus NDP Timmins—James Bay, ON

I'm actually asking about our subsidizing.

Chrystia Freeland Liberal University—Rosedale, ON

—and that's Rachel Notley.

Charlie Angus NDP Timmins—James Bay, ON

I don't care about the differential.

Chrystia Freeland Liberal University—Rosedale, ON

I hope you care what Rachel Notley has to say.