Mr. Speaker, this new fund is clearly a federal gimmick to take public money and invest it in projects such as major LNG projects. The government has already identified some projects. There is also a major pipeline project that the government wants to pursue. However, the investments would not be limited to major projects, but would also go towards all the companies and projects that have already received federal support. This means, for example, that the planned expansion of the Trans Mountain project, which has already cost us $34 billion, could be financed by this fund.
I would like to know what my colleague from Nova Scotia thinks, as his region is being hit by rising sea levels due to climate change. Is he concerned that Canada is giving itself a way to take taxpayers' money and invest even more of it in oil and gas, while cutting funding for public transit and other measures that would actually enable us to reduce our dependence on oil and gas?