Mr. Speaker, some might call it a flip-flop, but a flip-flop is a sandal, and this is a betrayal. On page 348 of the budget, it says clearly that investment tax credits will not be available for enhanced oil recovery, yet a memorandum of understanding with the Province of Alberta says it will extend federal investment tax credits to various parts of carbon capture and storage, including enhanced oil recovery.
My question for the Minister of Finance is this: With this additional handout to big oil, has the government recalculated how deep the deficit will be? How much above $78 billion is it now?