Madam Speaker, I really appreciate my colleague for Calgary Centre, who used to serve with me on the Standing Committee on Natural Resources. His mother is from Jonquière. That is why I like him.
I know that he shares some of my views on the special tax treatment given to the oil and gas industry. In the budget, there are major tax credits for carbon capture and sequestration. There is also the accelerated capital cost allowance, which will enable the oil and gas industry to benefit from lavish tax breaks. The government is offering all of that even though the oil and gas industry has been making record profits since 2022.
I would like to remind the House that, since the big oil and gas companies are mainly American-owned, most of the profits are going to the United States.
I would like my colleague to talk to me about the lavish tax breaks being given to the oil and gas industry in the budget. Is he comfortable with that?