Evidence of meeting #4 for Natural Resources in the 45th Parliament, 1st session. (The original version is on Parliament’s site, as are the minutes.) The winning word was mining.
A recording is available from Parliament.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
There are a lot of costs that have been layered on by the Liberals. Would you agree that—
Liberal
Claude Guay Liberal LaSalle—Émard—Verdun, QC
Yes, I have a point of order.
I don't think this is pertinent to the study we're on right now. Maybe Mr. Tochor can explain how it's relevant.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Absolutely.
Chair, can you confirm that I still have four minutes and 30 seconds?
Liberal
The Chair Liberal Terry Duguid
You have four minutes and 22 seconds. We'll stop the time until you respond.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Thank you very much.
We're hearing about how Liberal—
Liberal
The Chair Liberal Terry Duguid
I don't think it's a point of order. I think it's debate.
Mr. Tochor, please go on.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Thank you, Chair.
We've heard how Liberal regulatory process has increased cost and Imperial Oil had to make the decisions it made. We've heard a lot about Bill C-69 and some of the disastrous anti-growth regulations the Liberals have layered onto Canadians. Would you agree that it would affect all natural resources, including mining?
President and CEO, Cantex Mine Development Corp.
I believe that all delays to permitting that can be avoided should be avoided. The increased complexity doesn't benefit industry.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Would you agree with the statement that...? When you read that article and found out what had happened in Calgary, were you shocked and disappointed to see that Imperial Oil has laid off hundreds of employees, particularly as the company has record production and near record profits for Canada?
Liberal
John-Paul Danko Liberal Hamilton West—Ancaster—Dundas, ON
I have a point of order, Mr. Chair.
It's a matter of decorum. It's really unfair to ask our witnesses, none of whom have any experience in the oil industry, questions about the oil industry.
Liberal
The Chair Liberal Terry Duguid
Mr. Tochor, if you could relate it to the study that we're involved in here, I think that would be appreciated by all.
I think I know the point you're trying to make. You're obviously talking about the regulatory system, but if you could steer it back to critical minerals, I'd appreciate it.
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Chair, critical minerals are natural resources. I would like to find out more about how this has hurt our natural resource sector. I think who really needs to hear about this is our MP Hogan, who represents Calgary, which has suffered all those hundreds of job losses.
I cede my time of two minutes to Mr. Hogan so that he can hopefully ask questions and learn how disastrous the Liberal policies have been in Canada.
Liberal
Liberal
The Chair Liberal Terry Duguid
Mr. Tochor, you can cede your time to one of your members but not to a member on the other side, to my understanding.
Does anyone want to take up Mr. Tochor's time?
Conservative
Corey Tochor Conservative Saskatoon—University, SK
Chair, I would say that we have ceded time to other members of other parties in the past.
Mr. Hogan, it's your time to use to hopefully learn a little bit more about—
Liberal
The Chair Liberal Terry Duguid
Let me consult with the clerk.
Yes, Mr. Hogan, if you'd like to respond, go ahead.
Liberal
Corey Hogan Liberal Calgary Confederation, AB
I appreciate that. The gift of time from Mr. Tochor is welcome.
I'm happy to hear more about the views that the witnesses have on the regulatory framework, in particular maybe I'd expand on my last round in terms of access to capital.
Are there things that you think the federal government should be focusing on that would increase access to capital and could be done through that lens of speed? What would allow us to, in a timely fashion, showcase Canada's new government's new approach to development and build Canada into the superpower we want it be with critical minerals?
Head of External Relations and Social Performance, Newmont Canada, Newmont Corporation
At the risk of repeating myself, I think the CTM ITC, the clean technology manufacturing investment tax credit, for the sake of some of these near-term critical mineral deposits would go a long way toward inducing some major investments. I think that would strengthen the Major Projects Office's position and the work it's doing.
As I said, our board has taken note of the shift in terms of the role that critical minerals are intended to take here in Canada with our economic growth agenda, so that one is very important.