Madam Speaker, I am speaking from the island of Newfoundland, the ancestral homeland of the Mi'kmaq and Beothuk, one of Canada's three oil-producing provinces. This is an important debate. It is as important as our oil and gas workers are to the Canadian economy. It is as important as the industry is to the Canadian economy.
I want to speak on the record and say that we are disappointed in this decision. We are not happy with this news. There are thousands of workers and their families who will be impacted by this.
This is our biggest industry. It is our number one export. We are the fourth-largest producers of oil and gas in the world, and we are good at it. This is not just an Alberta issue or a Saskatchewan issue. This is a Canadian issue.
The United States is the single largest customer of Canada's biggest export. We have over $100 billion in cross-border energy trade with them. We are their biggest supplier, with 23% of crude consumed in the U.S. coming from Canada. We contribute to American energy security and economic competitiveness, and that supports thousands of jobs on both sides of the border.
The U.S. will still need Canadian heavy crude. That does not change with President Biden's decision. The U.S. Midwest and Rocky Mountain regions source crude nearly exclusively from Canada, and Canadian crude represents approximately 70% of the feed stock to refineries in those regions. In October 2020, Canada sent approximately 2.3 million barrels per day to the United States.
This relationship is vital to both countries. We made a strong argument for this project at every level and at every chance we could, from Ambassador Hillman to the Prime Minister. The Prime Minister advocated for this project long before he was Prime Minister. Four years ago, in Houston, the Prime Minister said that nothing is more essential to the U.S. economy than access to a secure, reliable source of energy, and Canada is that source. It was true then, and it remains true today.
The Prime Minister brought it up in his very first conversation with the president-elect in November and again just on Friday. He expressed our disappointment with the decision directly with the President. Every week in the fall of 2020, every single week, I was on the phone with Alberta's energy minister and the former member for Edmonton—Leduc James Rajotte to discuss how we could get this project done. We took a team Canada approach. We stood shoulder to shoulder with the Government of Alberta in making the case.
I ask members to not take it just from me, but to also listen to what Premier Kenney said. He said that he was very happy that the federal foreign affairs minister had said that Keystone XL was at the top of the U.S. agenda. He said that he was very happy with the strong advocacy by Canada's ambassador to the United States.
What now? Where do we go from here? Do we, like some are suggesting, start a trade war with our closest ally and largest trading partner, the single largest customer for Canadian crude?
I have not yet heard a single argument that would convince me that a trade war is in the best interests of our oil and gas workers. We have a responsibility to Albertans to safeguard our relationship with the single largest customer for Canadian crude. There is a difference between illegal tariffs on existing products and the cancellation of a permit for a project that is not yet operational. We will not jeopardize the more than $100 billion in energy products that we export to the United States every year.
We got this relationship right with an unpredictable presidential administration for the past four years. We will get it right with the predictable one for the next four years, to the benefit of workers in Alberta, Saskatchewan and right across Canada. We will not take any lesson from the Conservatives on this, who can share nothing but a legacy of failure from 2006 until 2015. For nearly a decade there was a failure to safeguard our most important trading relationship, a failure to get major projects built, and a failure to even have a strategy. All the Conservatives did was throw public insults and negotiate in the media. They did nothing to support the thousands of energy workers in this country, except beat their chests.
Conservatives may not agree, but it is true. We could hear it from former Progressive Conservative prime minister of Canada Joe Clark, who said, “One of the real problems that I think lingers over [Keystone XL] is, before the pipeline question arose, the [Harper] Government...deliberately went out of his way to be seen as an adversary of environmentalists.” The Conservative record of inaction, and their record of open hostility on the environment, helped doom this project.
There are also some in this House who think this decision is good news. In fact, there are some in this House who are jumping up and down with joy in this decision. That shocks me. They could not be more wrong. Their lack of concern for the thousands of workers and their families that this decision impacts is shocking.
Other parties in the House claim to be the parties of workers. Keystone XL would have created thousands of good-paying union jobs on both sides of the border. I invite my colleagues on the other side who claim to stand for workers to join me in expressing disappointment with the President's decision. Join me in lamenting the loss of good union jobs in Alberta and Saskatchewan. Join me in having the backs of oil and gas workers. I know where I stand on this side of the House.
What we will do is have our workers' backs. We will stand up and support our oil and gas workers, as I am doing today and just as we have done since 2015. Let us talk TMX. We approved it. We bought it. We are building it. It has already created over 7,000 jobs. We approved NOVA Gas and NGTL 2021. Thousands more jobs were created in Alberta. We approved the Line 3 pipeline. Another 7,000 jobs were created. There was also $1.7 billion to Alberta, Saskatchewan and B.C. to clean up abandoned and inactive wells, reducing emissions and keeping oil and gas workers on the job. There was $320 million to support workers and lower emissions in the Newfoundland offshore. Every step of the way, we are laser focused on jobs and on workers.
In the toughest of times when the sector was hit with a double whammy of a global price war and a global pandemic, we had its back with the wage subsidy. That single measure kept more than 500,000 workers in their jobs during the pandemic in Alberta alone. Saskatchewan kept 32,000 workers. These are men and women who found a way to get oil out of sand. That is a remarkable thing. We need the same ingenuity, hard work and determination that our oil and gas workers show every day in our mission to lower emissions and maintain a growing and prosperous economy in this country that leaves no one behind.
I am proud of those workers. We need them now more than ever. We have a tremendous opportunity to work with an administration that is not only aligned with our priorities on climate and clean growth at the federal level, but is also very much aligned with the priorities of the governments of Alberta, Saskatchewan and Newfoundland and Labrador, where I am proud to say net-zero legislation recently passed unanimously.
Lowering our emissions with an aim of getting to net zero by 2050 is not a barrier to investment in our energy sector. It is a competitive necessity because the markets are changing. We can see that investors are making clear choices. They are putting their money into countries that are taking action on climate change seriously, and they are divesting from those that in their view are not doing enough.
The reality is that the industry knows this. It understands the direction that the markets are moving. It is why the Keystone XL of 2021 is not the same as the Keystone XL of 2015. When a company like TC Energy has the courage to go back to the drawing board and find ways to make its project greener, to make it net zero, to power pump stations with renewable energy, that sends a clear message. It is about skating to where the puck is going.
Canadian oil and gas is already being produced under some of the most stringent environmental and climate policy frameworks in the world, and Canadian oil and gas companies are leading the way. Husky, Cenovus, CNRL, Suncor and Shell are just a few of the companies that see net zero as part of their future and a key part of their economic competitiveness.
The Canadian petroleum sector is by far our country's largest investor in clean tech, routinely accounting for more than 70% of all private-sector investment in clean tech: more than $1 billion every year. BMO Capital Markets tells us that Canada's oil and gas sector is already leading the world in ESG performance. This is a finding that has been supported by studies at Yale and the World Bank. All of this matters because, by all accounts, Canadian oil and gas will continue to be a part of the world's energy mix for some time yet. None of that would have been possible without the hard work that we have done when it comes to reconciliation, diversity, inclusion and reaching our environmental targets.
We can be proud of Canadian energy. We are redoubling our efforts to achieve our common goal: a net-zero economy by 2050, a thriving Canada-wide economy and an inclusive, clean energy future. The world is watching, and Canada will keep its promises.
We can make a case for Canadian energy as we double down on our common mission of a net-zero economy by 2050, a national economy that continues to grow and a clean energy future that leaves no one behind.
The world is watching and Canada will lead. I believe that.