Mr. Speaker, unfortunately, once again, nothing new is being proposed for developing renewable energy, clean energy and public transit. However, new subsidies for oil and gas are being proposed. The government is even going so far as to expand subsidies for carbon storage in order to allow oil companies to drill and produce more oil from the oil sands.
The government is now providing $14.5 billion to oil and gas companies through this program. There are plans to increase the country's oil transportation capacity by 12%. A “superdeduction” is being offered for liquefied natural gas, which will cost $640 million. A $25-billion sovereign wealth fund is being created, a significant portion of which will go to oil and gas companies.
How can the government claim to be serious about combatting climate change and how can it claim it will meet its reduction targets for 2030 and 2035 when it is going full steam ahead with oil?