Madam Speaker, I want to thank my colleague for his intervention, but I do want to question one part of his speech where he mentioned that Canada has lost its competitive edge in our natural resource sector. I would have to agree with him, but I am agreeing with him because we have lost our advantage because of poor Liberal policies, which are focused on phasing out the oil sands.
As my colleague is talking about the centre of excellence to build electric batteries, what other components does he think will be necessary to build those batteries if we do not have a petrochemical industry? Where does he feel we are going to make up the shortfall of a lost $678 billion a decade in revenue for every level of government from the oil and gas industry?