Mr. Speaker, we understand rising gas prices have had a negative impact on the household budgets of Canadians, but we also know that the increase is a global phenomenon, in part resulting from the war in Ukraine.
If we implement a tax holiday on oil and gas, energy companies could actually pocket the difference in costs. There is no guarantee that the savings would be passed on to Canadian consumers. Similarly, our carbon price at 11 cents per litre is the only fee collected on gas that is returned to consumers, making life more affordable for eight out of 10 Canadian families.