Mr. Speaker, to my friend from Winnipeg North, I had the honour of working in the oil sands prior to my time in Parliament, and it was just a hive of economic activity. I have heard now that the camps in the region I was working in are all closed and employment is way down.
I was on the environment committee when Bill C-69 was debated, and I thank my hon. colleague for bringing up the regulatory process. In fact, that bill is shutting down the Canadian economy right now. The resource industry is 20% of the Canadian economy and a big part of most pension funds. That is what the people across the way forget. Senior citizens, pensioners, investment funds all rely on the oil sands and the energy industry.
In the testimony in Bill C-69, Chris Bloomer from the Canadian Energy Pipeline Association said that Canada has a “toxic regulatory environment”, and that is why investment in this country is declining.
Can my friend from Calgary Forest Lawn talk about the effects of the regulatory environment on the Alberta energy industry and the ripple effect across the country?