Mr. Speaker, the theory that there is no more need for oil is very interesting. The world uses a lot of energy, and over 80% of it comes from fossil fuels. I am sure that Canada's oil companies do not have much say over the price of oil. That is determined by global markets, which set world oil prices. The prices of other forms of energy also depend on the price of oil.
In the House of Commons on June 21st, 2023. See this statement in context.