Mr. Speaker, in his speech, my colleague spoke at length about inflation.
The very high cost of energy is one of the causes of inflation. High energy costs are often caused by the huge profits that folks in the oil sector are making, not by carbon pricing. For example, from 2021 to 2024, they raked in a record-setting $131 billion. During that same period, those people, most of whom are connected to American companies, paid themselves about $80 billion in dividends. That means $10 billion a year leaves Canada and goes directly to the United States as dividends.
When my colleague looks at the oil and gas sector, does he not see it as a source of shame rather than a source of pride for Canada?