Madam Speaker, I congratulate my colleague on her very clear and enlightening speech on the repercussions of climate change and the social cost of not taking care of the environment. Our Conservative friends could not care less about that, but there is a social cost. My colleague talked about what that costs a society. This social cost has even been highlighted by the International Monetary Fund, or IMF. The IMF—which is not Équiterre, Greenpeace or some far-left environmental organization—published an analysis that revealed Canada's fossil fuel subsidies reached $38 billion U.S. in 2022. The article states the following:
The vast majority of the subsidies cited by IMF researchers, or $36 billion U.S., comes primarily from public funds linked to our dependence on fossil fuels. These include the impacts of greenhouse gas emissions and the associated climate crisis, the consequences of air pollution (including premature deaths), and the costs of traffic congestion and road accidents.
We are talking about $50 billion in 2022 handed over to an industry that made $200 billion in profits that same year. The math is simply unbelievable. That amounts to $50 billion in repercussions for Canada. I think my colleague gave a really brilliant outline of the $50 billion. I thank her very much.