Mr. Speaker, I will be splitting my time today with the hon. member for Cariboo—Prince George.
The proposed legislation before us is very concerning for me, and I will tell members why.
I am a member of Parliament who is very fortunate to have grown up in my riding of Calgary Midnapore and to represent the place where I grew up. Calgary Midnapore is a beautiful riding in the south-central part of Calgary. It is home to five beautiful lakes. I was very fortunate to have grown up in one of these lake communities, called Lake Bonavista. In addition to Lake Bonavista, there is Lake Midnapore, Lake Chaparral, and Lake Sundance. We are so very fortunate to have come from these communities, which are lovely family environments. People grow up in the summer swimming in these lakes and in the winter skating on them. These communities really are the backbone of the riding.
These communities were built on the back of the energy sector, the oil and gas sector. It is something everyone in the community recognizes. Everyone is very proud that these lovely communities were built with the oil and gas sector. When we went to school in Calgary Midnapore, it was with the hope that one day, we would go on to high school and perhaps the University of Calgary, where we have prestigious business and engineering programs. I am a very proud graduate of the University of Calgary.
When I went to my niece Samantha's grade 4 graduation six years ago, all the students who were moving on to middle school went to the microphone and said what they hoped to do. Outside of many young people there wanting to be hockey players, so many said that they wanted to be accountants or engineers like their moms and go on to work in the oil and gas sector.
This was just part of who we were and our upbringing. We would grow up in these lovely communities and get an education with not only the hope but the confidence that we would have good jobs in the oil and gas sector when we were finished our education. We would get married, raise families, and have confidence that we would be able to provide for our families as a result of the oil and gas sector, which was so relied upon by this community for so long. It was such a backbone of not only Calgary Midnapore but of Calgary itself, Alberta, and beyond. It is similar, perhaps, to how people in our capital might reference the public sector.
In addition to that, there was an appreciation of the National Energy Board. It was seen as an institution in Calgary. It was well understood that the decisions that came out of the National Energy Board had gone through a rigorous process, with proper consideration of all the factors necessary to support a thriving oil and gas sector and a prudent oil and gas sector, one that took into account the many needs and considerations of project approval.
These are two sacred cows in the riding I represent and grew up in: the oil and gas sector, and the confidence within that sector; and the National Energy Board. Unfortunately, with Bill C-69, we are seeing these concepts, these things Calgarians count on, thrown out the window entirely. These things will not exist any longer as we knew them before.
It is because of these considerations that provide so much more uncertainty in this sector, not only for the citizens of Calgary Midnapore, but in Calgary and beyond. Of course, the considerations I am referring to are numerous, but they include health, social issues, gender issues, and indigenous rights.
Therefore, going forward, everything has changed as we know it in the oil and gas sector for my constituents of Calgary Midnapore. We are seeing this take place in a number of ways, and one is in the uncertainty of project approval. I have a quote from the Canadian Energy Pipeline Association.
CEPA is very concerned with the scope of the proposed new Impact Assessment process. From the outset, CEPA has stated that individual project reviews are not the appropriate place to resolve broad policy issues, such as climate change, which should be part of a Pan-Canadian Framework. Including these policy issues adds a new element of subjectivity that could continue to politicize the assessment process.
That is what I said when the NEB review came out last year. I said that the right hon. Prime Minister wrote the report he wanted, and he got the outcomes he wanted in regard to what I believe is essentially destroying the NEB. Everything certainly has changed.
We are hearing a lot of other things in regard to project approvals from industry members themselves, who are very concerned. Here is a quote from a land manager at Cona Resources, a foreign investment company that has left Canada. I will talk a little more about this later, but it is not alone in its exodus. It said, “To a certain extent, Canada will remain a higher cost country because of the social infrastructure that we have in place and our social licence to operate. While there is some opportunity to reduce some of those, the costs are not a net benefit to the country. I don't think that is what is deterring foreign investment. I think if we had greater consistency in both the royalties and taxation structure, people would be more comfortable. The uncertainty is what drives away project approval and foreign investment, and you have to sort of rely on your desire. If the project is a net benefit to Canada as a whole, you have to trust that the federal government will be able to enforce the decisions that were made, and trust that they are making the right decisions.”
Therefore, Bill C-69 is very concerning to industry members as well.
With regard to uncertainty to market access, we have seen that in a number of projects recently. Petronas LNG, a $36-billion project, has left Canada as a result of the uncertainty of project approval, and therefore market access. Keystone, with 830,000 barrels of oil a day, an $8-billion project, is at this time not going forward. Energy east, a $15.7-billion project, was abandoned, squarely on the NEB decision to consider direct and indirect greenhouse emissions. Northern gateway would have provided close to 4,000 jobs.
What else are we seeing? We are seeing foreign investment fleeing, as I mentioned previously. The corporations are too numerous to mention, but I will name a few of them. There is Royal Dutch Shell. It has gone. Growing up in Calgary Midnapore, I remember during the 1988 winter Olympics, people wearing their Shell jackets with pride. There is Statoil, a Norwegian company. We have heard a lot about Norway in our conversations here. Marathon Oil is out the door, as is ConocoPhillips. Investment is simply not attractive in Canada at this time, and we continue to see these investments leaving Canada.
I mentioned previously an event I went to called SelectUSA, where the U.S. consulates network is working very hard to attract even Canadian investment outside of Canada to the States. That is because that environment is providing a more competitive environment and better place for corporations to do business at this time.
In conclusion, I will say for Calgary Midnapore and Canadians that things will never be the same after Bill C-69.