Let me explain why I am asking you that and tell you what my main concern is. I have had meetings with you and with people in the mining sector. I know that you're a numbers guy. That was clear in our meetings. You are very familiar with the economics behind projects.
I am looking at Canada's major oil sands players and producers, which include the Pathways Alliance, Canadian Natural, Synovus, Imperial and Suncor. They account for 80% of oil sands development, but 60% of these companies are owned by American interests.
I am therefore having a hard time seeing how the government can say that we need to develop infrastructure to wean ourselves off the American market because of the tariff war, while still preparing to invest taxpayer money in setting up infrastructure that will serve American interests.
From 2021 to 2024, these oil companies made record profits of $131 billion. When we look at how these amounts were distributed, $79.7 billion, or nearly $80 billion, left Canada, went abroad and was not invested here. If we do a quick calculation, that is $6 out of every $10 that is going to the United States.
I can't understand how we can build a pipeline using taxpayer money only to allow foreign companies to repatriate the profits to the United States. That is what concerns me.