Mr. Chair, we want to send a strong signal to the oil and gas sector. I find it hard to understand why no proponent wanted to get involved in the Trans Mountain expansion. It took a $34-billion investment. I do not see why, today, someone would be prepared to invest in “pipeline” infrastructure. Perhaps the minister can explain that to me.
We know that demand for oil will drop in the coming years. It is unavoidable. Worse still, the Parliamentary Budget Officer has said that, for a project like Trans Mountain to turn a profit, it will have to be used at its full potential for 40 years.
How can an oil infrastructure project be profitable today? I would like the minister to explain that to us.