Mr. Speaker, the Alberta energy industry has been suffering under the Liberal government. It has cancelled pipelines and implemented policies that make it hard for the future development of our energy industry.
Despite producing some of the most clean and ethical energy in the world, our oil continues to sell at a discounted rate. Cenovus Energy says it produces up to 300,000 barrels every day above what can be exported out of the province. That overproduction leads to a great price differential when compared with American oil, which can be exported to foreign markets. Our oil price discount has cost the country $50 million a day, or $13 billion a year.
At an event last week, the Minister for Natural Resources said that we need more pipelines. Well, l am glad he has finally figured it out. Perhaps now the Prime Minister will cancel the tanker ban, cancel Bill C-69, and of course, cancel his push for a carbon tax. lt is time for a government that will fight for Albertans and fight for our energy sector.