Mr. Speaker, this is my first opportunity to rise in the House of Commons, and I just want to thank the great people of Swift Current—Grasslands—Kindersley for putting their trust in me for a third time after this last election. I also really quickly want to thank my wife, Kyla, and our three kids for their support. I would not be able to do this job if it were not for my wife and all the things she does with our kids. In fact right now she is sitting in the hospital in Swift Current getting a CT scan on our daughter's foot, because she broke her foot last week. I wish good luck to my wife and my daughter. Hopefully everything goes well.
I rose earlier to question the Minister of Environment and Climate Change on the emissions cap, which is essentially a production cap. One of the main issues we are facing is that we are looking at over 54,000 job losses and over $20 billion in lost investment into the Canadian economy. This is on top of the hundreds of thousands of job losses that have already occurred in the energy and resource sector because of the Liberal government's anti-energy policies. That was led by Justin Trudeau for the past 10 years, and now the current Prime Minister is following in his steps.
This is what we are seeing as well from the current environment minister. I have served on committee with her before, and she is actually very vocal about her opposition to any expansion of the oil sands, and quite frankly, on committee, she has been very deliberate in trying to suppress the oil and gas industry.
I was looking at some more numbers. In 2022, for example, $45 billion in revenue from the oil and gas sector alone went to Canadian governments. In 2022, that would have just slightly trailed the cost of health care. If we think about it that way, the money that comes in for governments from the oil and gas sector is equal to right around the same number of dollars as health care costs.
There are many great businesses and companies in the oil and gas sector in our ridings that support the local health care foundations. They sponsor our local hockey rinks. They sponsor our community centres and our seniors centres. This is the money that funds education. It funds nurses. It funds doctors. The government today has tabled a bill on fixing the border and the ports. Funding from the oil and gas sector is what would be used to hire some of the agents needed to fix a lot of the problems.
The Liberals are deliberately trying to cap the single biggest driver of the Canadian economy with their emissions cap, which is a production cap. If this cap stays in place, which the Prime Minister has already committed to, and I would assume his silence on the matter only confirms that, oil production in Canada is actually going to have to be curtailed by 5% in the next couple of years.
We are looking at a 5% reduction, and yet we see what the rest of the world is wanting and needing. The rest of the world has come to Canada numerous times looking for Canadian gas, for Canadian oil and for LNG, and Justin Trudeau repeatedly said there is no business case, despite the fact that numerous countries have come to Canada begging for these things. Industry wants to have export pipeline capacity so we can reduce our dependence on the United States for selling our product. The production cap that is in place is going to further hamper Canada's ability to be the supplier of clean, reliable energy around the world.
I am just wondering whether the government would be willing to admit that the production cap is a terrible idea and that they need to scrap it.