Mr. Speaker, it is certainly an incredible amount of investment that has fled, but the member reminds me of the irony of this situation. I believe that the Liberal government and the environment minister are doing this in an attempt to improve the environment. The irony is that in fact what will happen is carbon leakage. Canadians would be fortunate if these corporations decided to take their business to the U.S., compared to other jurisdictions where the environmental standards are far worse. However, that is what is going to happen if we do not create a better business environment for the natural resources sector to operate within. Not only is there fleeing investment, but the whole purpose of this piece of legislation is defeated. Corporations will move to the jurisdictions where it is the least expensive to do business, and frequently that will be nations that do not have the same high standards that the oil and gas sector in Canada has had for decades.
In the House of Commons on June 18th, 2018. See this statement in context.