Mr. Speaker, like yesterday, the minister claims there is absolute liability and companies must provide guarantees. Maybe he should read section 167 of the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act because he will see the section sets a cap of $30 million. There is no guarantee of liability beyond that. The gulf blowout costs are already approaching $2 billion.
Why will the minister not protect Canadian taxpayers and ensure oil companies assume full liability? Cap the leak, not the liability.