Mr. Chair, I would like to hear my colleague's comments in relation to value added and what we can really do with the fossil fuel industry if we take leadership as a country.
Several years ago, I had the chance to travel to Norway. It is a country that is deeply invested and deeply reliant on fossil fuel extraction. It has very firm policies in place to say that every bit of fossil fuel extracted will create maximum jobs, and will have maximum benefit for the economy. Its shipbuilding industry, refining, and transportation policies are all oriented around maximizing every piece of work that can happen from fossil fuel extraction. Its taxation of the resource was so committed that by the time I left Norway, it had a $900 billion public pension fund set aside for diversification of the economy and investment into renewables.
The Norwegian experience from a social justice and environmental point of view is inspiring. I would like to hear my colleague's comments on how Canada might follow that lead.