Madam Speaker, my colleague from Regina—Lewvan makes a lot of common sense. He is exactly right. The red tape that would come in as a result of Bill C-49 is driving investment out of our offshore petroleum industry already. It was proven last year in the number of bids that were sold. I would also like to point out that the NDP-Liberals are saying that they have changed the processing time from 900 days to 90 days. I would like to let the people of Canada know that the 90 days is for exploration projects and the 900 days is still in place for development.
In the House of Commons on May 2nd, 2024. See this statement in context.