Madam Speaker, I want to make note in the House that between 2006 and 2011, floods cost Canada about $120 million. Between 2010 and 2015, it was $360 million. Between 2016 and 2018, it grew to $430 million a year. Now we are at over $1 billion. The PBO projected in 2014 that if we kept going the way we were going, floods and fires were going to cost us $43 billion to $50 billion a year. What a deficit to leave to future generations.
The member talked about investing heavily and taking bold and courageous action. The Liberals are investing $2 billion over 10 years. Bold and courageous is cancelling the Trans Mountain pipeline, which is $17 billion, and ending oil and gas subsidies, which are $18 billion. Let us start spending the money, the $43 billion to $50 billion a year that we are leaving, on my kids and most of our children and grandchildren now instead of shouldering them with the deficits.
The Conservatives talk about inflation. Just wait. Insurance rates are going to go through the roof. Let us protect future generations by investing now in the right thing.