Mr. Speaker, the preamble to the opposition motion contains many truths. I will refer once again to the text of the motion. We agree with the part that says, “fire...consultants”. McKinsey, for example, recommended investing in carbon capture and storage when we know it is too costly and ineffective.
The motion also says, “cut waste”. We agree with that too, especially when it comes to oil subsidies. That $3.6 billion could be rapidly redirected to carbon capture and sequestration. I am sure the opposition would vote in favour of that.
Oil companies have been raking in mind-boggling profits thanks to high gas prices. Does anyone really think they need money? Why are the Conservatives not talking about that?