Mr. Speaker, what the member describes is far from what is happening in the oil and gas industry. The revenues to the people of Canada and the Government of Canada from that industry last year were $5 billion in taxes. That is compared to only $2.1 billion two years earlier. That is almost 15% of the total corporate tax revenues to the Government of Canada. We are proud of our oil and gas industry. It is growing. It is great for the future wealth of our country and for Canadians.
In the House of Commons on June 14th, 2006. See this statement in context.