Mr. Speaker, when the companies are making record profits, yes, the government should be forcing them to make the changes to reduce their emissions without handing over taxpayer money. If we actually put in place strong regulations for the oil and gas sector and the grocery stores, we could change behaviour without needing to hand out big fossil fuel subsidies or big subsidies to grocery store chains.
However, I do want to note that when the Conservatives were in power they cut the corporate tax rate from 22% to 15%, and the Liberals kept that cut in place. That cost Canadian taxpayers approximately $60 billion in corporate handouts. The Biden administration has proposed increasing the U.S. corporate tax rate from 21% to 28%. Can the member see that a corporate tax rate that benefits the biggest grocery stores, that encourages them not to actually pay their fair share, is a handout to the big companies that are making record profits?