Mr. Speaker, just to correct the record, we have committed to and are on track to phasing out inefficient fossil fuel subsidies by the year 2025. To do this, we announced in our first budget the expiration of the tax writeoffs on capital investments in LNG facilities. In budget 2017, we announced the elimination of certain tax credits for exploration expenses in the oil and gas sector.
We are developing our resources while protecting our environment, including safeguarding our oceans and combatting climate change. Our government understands that a clean environment and a strong economy must go hand in hand.