Mr. Speaker, my hon. colleague talked about not understanding why there would be regulations coming forward. Bill C-33 is an empty box that is going to be filled with the regulations that will guide the industry in the future. This is the case. There is nothing in this legislation that sets conditions or terms as to how the biofuel industry is going to develop in Canada.
Quite clearly, section 140 states:
The Governor in Council may, on the recommendation of the Minister, make regulations for carrying out the purposes of section 139...
Some portions of the act talk about the different types of regulations in the act, regulations made under sections 93 and 140, et cetera, quantities of released production capacity. The substance or the fuel source, interestingly enough, is not something that is going to be dealt with in the regulations. Under the regulations we are going to decide where the fuel is coming from. We are going to make a decision about whether biofuels are going to be a local product, a national product or an international product.
We are going to make those kinds of decisions in regulations rather than here in Parliament where those decisions should be made, such as the substance of the fuel's commercial destination, the substance of the fuel's physical and chemical properties, how much greenhouse gas emissions the fuel produces, the chemical properties.
Once again, through regulation later on, the government, rather than Parliament, is going to decide how our industry develops. That is why we put the oversight amendment forward, to provide parliamentarians with the opportunity to actually speak to the substance of this new industry. I would ask my hon. colleague, is that not a good enough reason to support having an oversight provision within this bill?