Mr. Speaker, Canada's track record on oil sands development, energy development, and resource development is one of reducing emissions through innovation, not just because it makes environmental sense but because it makes economic sense. It fulfills the long-term track record of having responsible resource developers as partners in economic development and all the social benefits that the development of those resources provide.
This is where the Liberals and the left confuse me when they impose policies and take positions that shut down Canadian energy in particular. Estimates indicate that Canada produces less than 2% of emissions globally. The worst thing the Liberals and left can do is hammer Canadian energy with red tape and unnecessary regulation and additional costs and higher taxes that make it unable to compete in Canada and against the world.
It is those kinds of policies that actually stop Canadian energy from continuing its long-standing track record of innovation, which reduce emissions and also lead the front line on development of alternative and renewable energy technologies long into the future. In Canada, the major private sector energy investors in those technologies are conventional oil and gas companies, oil sands companies, pipeline companies, and utility companies.