Mr. Speaker, in the limited time I have, I am going to put to the side the mention by the parliamentary secretary about so-called inefficient fossil fuel subsidies, which is one way of saying that the government is going to continue to subsidize the very industry that is making these record-breaking profits. Instead, I will focus on our point of alignment, that is, his mention of the Canada recovery dividend. As we heard from the parliamentary secretary, this is a measure that the government has already taken. It has done so with banks and life insurance companies already, recognizing that there was over-the-top profiteering happening there.
As I mentioned earlier, we know the same thing is happening with oil and gas, amounting to $38 billion a year among the five largest companies alone. At this time, in the midst of a climate crisis when these companies are gouging Canadians at the pumps, why would we not apply that same Canada recovery dividend to them?
