Madam Speaker, it is easily researched that the Government of Canada charges less tax on oil and gas companies than the United States does, and this is in a period of time when we are still subsidizing oil and gas. While I do appreciate the comments from my friend, the hon. parliamentary secretary, we are still subsidizing oil and gas, with increased subsidies in budget 2023, by providing more access to government funds for carbon capture and storage. If those in the industry want to use that method, they should pay for it themselves. We are also introducing a new approach to use fossil fuels in producing hydrogen, which should only be produced from renewable sources so that it is truly green energy.
We have enormous potential in Canada to move to a green economy and to decarbonize, but not if we keep shovelling money at companies that are already experiencing obscene levels of profit.