Madam Speaker, a CBC story last week listed the 10 top U.S. imports from Canada in 2023. It totalled $340 billion. Oil, gas and petroleum products made up $160 billion of that, which is 48%. Agricultural products made up $30 billion, which is 10%. Agricultural products depend a lot on oil, gas and petroleum products when we are talking about fertilizer and machinery. Transportation equipment made up $74 billion, which is 25%. Transportation equipment is steel, metal and all sorts of things made from the resource sector.
This is a tremendous amount of export to a country that is looking for self-sufficiency in North America, and it comes from Canada. A lot of it comes from Canadian exports. We are over 50%. Does the U.S. have a cap on emissions and a cap on oil and gas production now? No, it does not. Has the President-elect indicated he would put an emissions cap on oil and gas production? No. He is looking to expand their oil and gas production, and he is looking for more from his biggest trading partner in oil and gas: Canada. That is why we need North American energy security.
However, the cap would cause a reduction in oil of one million barrels per day by 2030, with an additional cut of one million barrels per day by 2035. This cap on oil emissions is a cap on responsible Canadian oil production, jobs and paycheques. In Alberta, we are talking about a reduction of 92,000 jobs. We are talking about $12 billion in government revenues lost.
The Conference Board of Canada think tank estimates the cap would reduce Canada's GDP by $1 trillion by 2030. That is a loss of 151,000 jobs across Canada by 2030, slowing the GDP by 2030 from 15.3% to 14.3%. Deloitte estimates Alberta will see 3.6% less investment, which is a 4.5% decrease in the province's economic output. Also, Ontario would lose 15,000 jobs and $2.3 billion from its economy. Quebec would even lose thousands of jobs.
I know my colleagues across the way have often talked about other forms of energy production. There are solar and wind. I have the largest ones in Canada in my riding for solar and wind energy production. The Liberals were complaining about the premier putting in a moratorium. They did a six-month review and in one of the reviews, it said not to build them on irrigated land, which there is a lot of in my riding because that is for crops, yet I still have the largest ones in Canada in my riding. The other day at seven o'clock in the morning, there were no sunlight rays hitting solar panels, no wind moving and not one iota of power was coming out of solar or wind that morning. At seven o'clock in the morning, there was nothing. What supplied it? Natural gas was supplying the energy we needed in Alberta.
With respect to the products it takes to make solar and wind energy, we are talking about steel, we are talking about aluminum and we are talking about plastics. All those things to make solar and wind energy come from the resource industry, other than glass. Now here is an interesting thing about glass: It takes sand. It takes a specific kind of sand. National Geographic reports that China is destroying estuaries all over the world as mining companies get that best small, round sand to make glass. It is not the stuff in the deserts, which is rough. From the National Geographic research—