Madam Speaker, the Governor of the Bank of Canada said the impact of the carbon tax is 0.15% of inflation. However, we look at oil and gas companies, which are having record profits; these big grocery stores are having record profits; and the big banks are having record profits. We can look at other countries, like Britain, where the Conservatives are in government, by the way; they have an excess profits tax on oil and gas. We cannot even get Liberals in Canada to do that; never mind Conservatives. We do not need lobbyists for oil and gas here on the Hill because the Conservatives are the lobbyists for oil and gas and that is the truth. It is a diversion.
The reality is that we need an excess profits tax on these industries that are runaway, causing inflation and really harming Canadians every day with the costs that are being downloaded on them. We really need to have an honest conversation and not this diversion method of deterrence.