Mr. Speaker, the federal government is refusing to create a petroleum monitoring agency, under the pretext of allowing multinational oil companies to control the market.
By so doing, this government is ignoring a unanimous recommendation by the Standing Committee on Industry, Science and Technology to regulate an industry sorely in need of it and which is doing tremendous harm to the economy, particularly the transportation industry.
However, the situation is urgent and the threat of gas prices reaching $1 per litre very shortly means that this government should take this crisis, which has struck again, seriously by quickly creating a petroleum monitoring agency, essential to ensuring the sound management of this industry.