Mr. Speaker, we know that the federal government subsidizes the oil industry, but so does the Canadian banking sector.
In two years, the Royal Bank of Canada's investments in oil rose from $19 billion to $39 billion. That is a lot of money. It more than doubled its investments in two years.
If the government was truly committed to fighting climate change, it would do two things. It would make it harder to obtain funding for polluting energies and it would provide incentives for investing in renewable energy. It has done neither.
What is the government waiting for? Will it take action only when there is not one drop of oil left to siphon?