Mr. Speaker, my question is for the Minister of Finance. It is a well known fact that federal tax subsidies to the petroleum industry stand in the way of Canada meeting its Kyoto commitment. In 1997 the Standing Committee on the Environment and Sustainable Development recommended the elimination of subsidies to the fossil fuel industry.
Does the Minister of Finance agree that if we are to achieve Canada's Kyoto commitment the government has to eliminate the counterproductive tax subsidies currently allowed to the fossil fuel industry?