Madam Speaker, I do, which is exactly why I am bringing forward this legislation. I look forward to the member working with this Albertan to help get the private sector funding into the industry that is required for full remediation and reclamation of oil and gas wells in Canada, and to protect taxpayers.
However, the member is not correct. The federal government has not invested hundreds of millions of dollars in oil and gas well remediation and reclamation, aside from, if that is all he is talking about, the $1.7 billion that was split among three provinces.
The outstanding liability for all active and inactive oil and gas wells in Canada stands to potentially be between $30 billion and $70 billion. The reality is that oil and gas investment, because of the government's policies in this country, is plummeting, and companies can no longer get private sector investment to meet their environmental responsibilities while they develop the resource. It is the government's job to help fix that.