Mr. Speaker, it is with great enthusiasm that I enter today's debate.
This issue points out some of the more fundamental questions that Canada now faces around the production of energy, energy security, climate change and others. When we talk about the nuclear industry and the government's enthusiasm and support of it to this point, it shows us a decision has been made. In fact, it shows that many decisions made.
What the New Democrats have struggled with is the government's sense of balance. If there was any sort of attention of equal amount or intensity made toward the alternatives, in terms of energy supply and demand for Canadians, in scope and scale, then we would have some enthusiasm in supporting the government.
Instead we see this imbalance, an enormous amount of money going to carbon capture and sequestration, an unproven and costly technology, huge amounts of attention going toward the nuclear industry, which raises some fundamental questions and which exist within this bill, and still a $1.3 billion or $1.4 billion subsidy into the tar sands every year, money they do not need nor should have from the Canadian taxpayers.
The bill talks about liability and the limits of it. The New Democrats have no challenge and no question at all in entering the debate of the need for modernization of the act. We understand the act is antiquated and old. The liability limits were set in the early 1970s. They are not sufficient and they need to be modernized.
The question is this. How do we come to a figure that meets the risks that are inherent within the nuclear industry? How do we find a formula, as my Liberal colleague mentioned earlier, or an actual sum amount to compensate a community for a nuclear accident of any scale?
As I will show in some parts of my testimony, if not today then perhaps later when we resume, when accidents happen in the nuclear industry, and they do happen, the costs can be enormous for relatively small accidents in which there was no major fallout. We are not talking simply about Chernobyls. We are talking about what are called minor nuclear accidents in the nuclear industry.
I attempted to put this question to the parliamentary secretary and to my colleagues in the Liberal Party, who have given more of a blank cheque to the government in all things: so much for probation. I cannot see any of my Conservative colleagues in the government losing much sleep during this probationary period. In giving a blank cheque around nuclear liability, the Liberals have intoned and suggested they can take this to committee and potentially raise the limits of liability for a nuclear accident. However, that is not the case.
If the Liberals and the Bloc choose to support the government on this bill and on this figure, then $650 million is what we are stuck with. It is critical for everybody to understand this. It cannot go up. We cannot, as my colleague from Winnipeg suggested, meet international standards.
Once the bill goes through with this limited liability, that is it. It is always curious when the government decides to place limited liability on one industry and not on any others. There is no need for the government to put a limited liability on an oil and gas producer, or a coal-fired plant or a wind generating plant or a solar industry because the accidents that happen in those areas, although they can be significant, cannot come anywhere close to the type of damage a nuclear accident can cause.
When the two other opposition parties pass this bill to go to committee, they also give their stamp of approval on the limited liability of $650 million. Yet today they have declared that they have no clue whether that limit is sufficient, whether $650 million is satisfactory to cover off the damages from a nuclear accident.
That somehow seems to be irresponsible. To suggest one thing to the public, that they will take a good look at this and maybe raise the limits, is irresponsible. They should know they cannot raise the limit because the royal recommendation contained within this bill suggests otherwise.
Now let us get to some of those international standards. It was mentioned earlier that in the United States it was an approximately $10 billion pool of moneys collected together from all kinds of different—