Thank you for that.
Mr. Chair, given world events and the increasing cost of fuel, which is having an impact on the transport sector, like in trucking and in other parts of the sector, and certainly on the economy overall, I'd like to give verbal notice of a motion as follows:
That, given that:
surging oil prices are increasing costs for Canadian families and businesses;
higher oil prices are generating an estimated $9 billion to $10 billion in additional annual federal revenue;
this additional revenue exceeds the cost of suspending federal fuel taxes; and
high fuel and diesel costs are driving up the price of essential goods across the economy,
the committee report to the House that it calls on the Government of Canada to:
immediately suspend the federal fuel excise tax;
suspend the GST on gasoline and diesel; and
permanently eliminate the clean fuel standard tax and the industrial carbon tax,
in order to provide immediate, meaningful relief to Canadians at the pumps while reducing cost pressures across the economy.
Thank you, Mr. Chair.