Mr. Speaker, I am always somewhat astounded to hear my Conservative colleagues defend people who are struggling to make ends meet and talk about their unfortunate reality while continuing to lobby for an oil industry that is making huge profits, but whose profits are going into the pockets of Americans.
We are studying a motion that aims to restore Canada's sovereignty over the United States. However, Pathways Alliance, which accounts for 80% of oil sands production, is 73% foreign-owned, with 60% of that ownership held by Americans. Those folks made $131.6 billion in profits. They paid out nearly $80 billion in dividends, three-quarters of which went to foreign shareholders, including 62% to American shareholders. Then the Conservatives come here and talk about Canada's sovereignty.