Mr. Speaker, I would like to reassure the minister and all Canadians that the Conservatives are in favour of the Trans Mountain project, but we are against nationalization. Why? Nationalization means taking 4.5 billion in taxpayers' money and sending it to Texas. Not one penny of that money will remain in Canada. What is worse, nationalization often inflates prices. By way of evidence, I have here Kinder Morgan's financial statements. On page 134 of the financial statements of Kinder Morgan Canada, the total value of property is listed as $2.5 billion. That means the old pipeline is worth only $2.5 billion.
Why then did we pay $4.5 billion for it?