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?