Mr. Speaker, the Liberals believe the budget will balance itself, and the Conservatives believe they can pump out so much oil into the atmosphere that the climate will balance itself.
I want to ask my hon. colleague about the huge subsidies going into the TMX pipeline.
Joe Biden has said that within nine years, 67% of all vehicles in the United States will be electric. That is going to have a huge impact on creating stranded assets. TMX costs over $30 billion right now, but here is the kicker: In order to be viable, the money gets paid back in toll charges for each barrel of oil shipped, and the Liberals have limited the cost to any oil company to 22% of the cost. That means for every barrel of oil shipped, 78% of the cost will be subsidized by the Canadian taxpayer.
Given the massive profits big oil is making, why are Canadians being told they will pay 78% of every barrel of raw bitumen shipped through that pipeline?