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

Charlie Angus NDP Timmins—James Bay, ON

Oh, oh!

Chrystia Freeland Liberal University—Rosedale, ON

No, seriously; it's actually true.

Charlie Angus NDP Timmins—James Bay, ON

Okay. Sorry. The last thing I want to do is tear down a national institution that's giving 52% per barrel to Cenovus.

Chrystia Freeland Liberal University—Rosedale, ON

That's good; no, but it's actually important. There's a case right now—

Charlie Angus NDP Timmins—James Bay, ON

I have a final question before we go too far down the rabbit hole.

It cost us $34 billion. Are you going to get that money back, or are you going to strike the debt as some kind of national reconciliation, fighting Putin, saving the planet initiative? Are we getting our $34 billion back? How are we going to get it back if we're not getting 100% of the tolls?

Chrystia Freeland Liberal University—Rosedale, ON

First of all, Mr. Angus, I object very strongly to a mocking reference to fighting Vladimir Putin. He is the biggest menace to global security right now.

Charlie Angus NDP Timmins—James Bay, ON

That has nothing to do with bitumen coming down the pipe.

Chrystia Freeland Liberal University—Rosedale, ON

No, but you threw that—

Charlie Angus NDP Timmins—James Bay, ON

This is what you brought into this.

Chrystia Freeland Liberal University—Rosedale, ON

—into your question, okay?

Charlie Angus NDP Timmins—James Bay, ON

This what you brought into this whole conversation.

Chrystia Freeland Liberal University—Rosedale, ON

Because it's relevant.

Charlie Angus NDP Timmins—James Bay, ON

Are we getting our $34 billion back—

Chrystia Freeland Liberal University—Rosedale, ON

Because it's relevant—

Charlie Angus NDP Timmins—James Bay, ON

—at the tolls?

Chrystia Freeland Liberal University—Rosedale, ON

—and I didn't say it mockingly.

In terms of the actual value, let me be categorical: I am very confident that Canadians will get a good deal on this. They already are, and they will.

Charlie Angus NDP Timmins—James Bay, ON

A good deal.... Will we get the $34 billion back?

Chrystia Freeland Liberal University—Rosedale, ON

I'm very confident we will, yes.

Charlie Angus NDP Timmins—James Bay, ON

Thank you very much.

The Chair Liberal George Chahal

Time's up. Thank you.

We'll now go to Mr. Hallan for five minutes.

You have five minutes, sir. The floor is yours.

11:45 a.m.

Conservative

Jasraj Singh Hallan Conservative Calgary Forest Lawn, AB

Thanks, Chair.

Minister Freeland, how many Canadian jobs will be lost with your job-killing oil and gas cap?

Chrystia Freeland Liberal University—Rosedale, ON

I was under the clearly mistaken impression that we were here to talk about the TMX pipeline, a pipeline that we got built and the Conservative government didn't, and—

11:45 a.m.

Conservative

Jasraj Singh Hallan Conservative Calgary Forest Lawn, AB

It's very fair that a minister comes to committee.... We're open to sharing and can ask whatever we like, especially in on Canadian natural resources.

Chrystia Freeland Liberal University—Rosedale, ON

—since we're talking about jobs, I'm glad to point out that 35,000 jobs were created during the building of the pipeline, and that's great.

11:45 a.m.

Conservative

Jasraj Singh Hallan Conservative Calgary Forest Lawn, AB

How many jobs will be lost with the emissions cap? I just need the number, Minister.