Mr. Speaker, electric power is definitely an energy of the future.
Still, investments need to come from the right level of government. There has to be fairness in federal investments. We must not forget that. I could talk about past injustices.
As for the importance of investing in the right energies, I would say that, according to experts around the world today, for every dollar invested in oil, $1.7 is invested in renewable energies.
However, that is not what is happening in Canada. This year, investments could reach $40 billion. That is 11% more than before COVID-19. Production in Canada is expected to increase until 2040. We are going off course. We need to steer the ship in the right direction, towards a real energy transition and renewable energies.