Minister, in my opinion, decarbonizing the economy is like going on a diet. There is a fairly simple principle behind it: When a person is on a diet, they do not eat poutine. There is no such thing as a diet poutine.
I think it is equally impossible to have low-carbon oil and that low-carbon oil is a bit of a pipe dream. Even oil companies have told us that they do not really think it is possible. However, the budget allocates funds for the Pathways Plus project.
I am therefore wondering whether the government is basing its decision-making process on clear information because this seems to be unclear even for the oil industry. It does not seem as though any cost-benefit analyses have been conducted for low-carbon oil. Is this a government fiasco in the making?