Mr. Speaker, a survey by the Investment Dealers Association revealed that two-thirds of the U.S. equity analysts contacted believe that if Canada implements Kyoto it will harm the Canadian economy and cause Wall Street to rethink energy sector investments north of the border.
True North Energy, Petro-Canada, Husky Oil and now Canadian Natural Resources have already announced cancellations or postponements of their oil sands projects. Clearly the uncertainty regarding the Prime Minister's Kyoto plan is already hurting Alberta and the Canadian economy.
Wishful thinking and fancy rhetoric will not change this stark economic reality, no matter how much the member for LaSalle—Émard wishes it otherwise.
The member for LaSalle—Émard has the power to stop this foolishness. It is time that he stopped the empty rhetoric, stopped hedging his political bets and instead stand up for the economic and environmental future of Canada. We cannot wait 15 months for the member's version of Kyoto. The damage has already begun.
Canadians really do deserve better.