Mr. Speaker, I would like to speak to the motion's last two points.
First, the Conservative Party estimates that eliminating clean fuel standards would save seven cents per litre, but the actual savings would be zero cents per litre. This is because the Conservative Party's numbers are based on old data from back when oil prices were much lower than they are now with the current crisis and price spikes that have put oil on par with biofuels. Their math is wrong, and this measure would be pointless.
Second, the last point is about eliminating the industrial carbon tax. Does my colleague realize that this will lower the cost of gas at the pump by zero cents per litre because the price of crude oil is determined by the market? This would be a gift to oil companies that would not be passed on to consumers because the price of crude oil is determined internationally and prices are soaring, which means more profit. Foreign capital owns about 75% of the oil industry in the west, and their profits go overseas. Why go into debt for that?