Mr. Speaker, there is a lot of buzz in Ottawa about building a new pipeline in western Canada, but no one in the private sector is interested because demand for oil is going to peak in 2029. It is not profitable.
What is profitable is investing in the transition, funding clean technologies, and funding climate change adaptation, yet the Prime Minister of Canada tells us that, in the name of Canadian nationalism, we should add $10 billion in public funds to build a new pipeline, even though it is not profitable.
If the private sector does not think it is profitable, then why would the government invest Quebeckers' money in it?