Mr. Speaker, this is coming from a Liberal government that is completely out of ideas. Here is why.
We let the Liberals have Bill C‑5 because they said it was the thing they needed to get business investment and get things built at speeds we have never seen before in this country. We worked with them to pass it because we agree that Canada needs to get building and start getting things done, yet not a single project from the Major Projects Office has been approved and advanced to any next stage.
The Liberals then turned around and said that is not working. What else can they try? They decided to try a sovereign wealth fund, but they do not have any money to put into it, so they are going to borrow against it. They are going to use debt to finance it. It is going to cost Canadians $750 million a year just in debt service charges for their so-called sovereign wealth fund. It is going to be a debt fund. On top of that, they figured out that that is not going to work either, so now they are going to have consultations to figure out how to speed things up.
The government is clueless. It has no idea. Why does it not pass the sovereignty act that the Conservatives proposed to get projects built?