Mr. Speaker, regional economies are being hard hit by the rising dollar and higher gas prices, which are reducing export opportunities and increasing transportation and operating costs. People are paying for this economic imbalance.
The government has provided massive funding for oil sands development through the petroleum incentives program and has once again reduced taxes for the oil companies, which are making huge profits. However, it is refusing to take equity measures, saying that market forces will sort things out.
When will the regions affected by this oil imbalance get a fair shake?