Madam Speaker, today it is my pleasure to speak to a subject that means a lot to me and to support my colleague's motion. The motion is well written. It urges us to recognize the importance of the energy sector to the Canadian economy. It is a fact that the energy sector accounts for over 10% of Canada's economy. Businesses in that sector create wealth in Canada, and we must support them.
The motion also states that pipelines are the safest way to transport oil. Being from Quebec, I can assure my colleagues that Quebeckers agree, particularly since the worst tragedy involving transportation of oil by rail struck Lac-Mégantic, Quebec. Quebeckers know that using pipelines to move oil is much safer. We have been doing it for years, and with safe, modern pipeline construction technology, it is entirely feasible to develop this economic sector while keeping the environment safe.
Our motion also states that a number of governments are in favour of safe pipeline projects that comply with Canadian laws, including the governments of Alberta, Saskatchewan, Ontario, and New Brunswick. Quebeckers also agree, despite the opinion of the mayor of Montreal, who indicated a few days ago that he opposes the project, before even hearing the National Energy Board's position and recommendations.
Since taking a stance, the mayor has made all kinds of comments. For instance, he said that Montreal, with its four million residents, has a larger population than Saskatchewan, with its 1.3 million residents, and therefore Montreal has the right to say no to such a pipeline project. It is ridiculous to take such a position, and I am very disappointed in the mayor of Montreal, since he does not represent the opinion of Quebeckers. I agree with many people in western Canada who are outraged by the position of the Montreal mayor and the Prime Minister, who went and added another approval process, one that is really just political. The process that was already in place adhered to all the rules and was independent. This government is trying to politicize part of the energy sector, something no one does with other methods of transportation, such as public transit. There are independent processes, and politics do not interfere with them.
Last week, I travelled to western Canada and stopped in Vancouver, Calgary, and Winnipeg, and I took the opportunity to meet with people there. The topic of discussion was economic development in Canada. We talked about what can be done to build a strong economy. One important thing we talked about was developing pipelines in Canada.
We know that this government unfortunately wants to run a deficit of over $20 billion. That is the latest figure that we have. The government does not want to elaborate, but we are heading toward a $20 billion deficit. The government says it wants to stimulate the economy by borrowing money that we do not have. As things stand now, 10%, or 10¢ out of every dollar that Canadians pay in taxes, is used to pay the interest on the debt. That is equivalent to the entire budget for the Minister of National Defence. The government wants to run an even bigger deficit and add to the debt in order, in its view, to stimulate the economy. This will not stimulate the economy. It will sedate it.
We have the energy east pipeline project, in which the private sector is going to invest more than $15 billion. That is not Canadian taxpayers' money. It does not come from taxes paid by Canadians. It comes from the private sector. We know that wealth is created through private sector investment, not through government spending. The private sector is going to invest $15 billion to develop Canadian energy and gain access to other markets. Day after day, this government keeps standing in the developers' way. It is very disappointing, especially coming on the heels of an election campaign during which the government said it wanted to engage in consultations and adopt policies in favour of economic development.
I would also like to talk about the financial impact of these projects on the Canadian economy. Canadian municipalities collect more than $600 million in property taxes from pipeline companies.
Furthermore, these companies paid $1.1 billion in corporate taxes in 2014. They pay significant amounts in taxes to the Government of Canada, and they make more than $25 million in community investments.
The investment will help those who work in pipeline construction, people working in oil refineries in Montreal and New Brunswick, and also the people in the different communities.
Delays in project approval mean that Canada does not have access to a new market for its natural resources and could result in up to $70 million a day in lost economic activity.
What is the government waiting for to move forward and support my colleague's opposition motion in support of Canada's economic development?
The government might say that we have to protect the environment. I would like to say that our government, the former government, made legislative changes to protect the environment and develop natural resources responsibly.
We made changes to the National Energy Board's decision-making power so that it can make recommendations to the government about whether to approve or reject a project. Politicians will have the last word, and that is as it should be. That is important.
We also shortened the time frames for project approval. In the past, it could take up to four or five years for a project to be approved. Now, projects must be approved or rejected within 15 months. What is more, anyone who is interested in expressing their opinion on such projects can do so by submitting a brief, and that is what is now being done.
We therefore made sure that the Canadian public, Canadian and Quebec stakeholders, can submit briefs to the National Energy Board and are given the time they need to present their concerns.
We also revised the scope of the review so that it focuses on the project under review rather than on alarmist theories put forward by people who are advocating for a kind of development without having access to various resources. It is important to point that out.
In other words, the National Energy Board is completely independent and will make recommendations. The government should support this motion because Canadians and people in various provinces, particularly Quebec, want it.
Like other Canadian provinces, Quebec receives equalization payments, which come from the western provinces. I thank those people. I wish that Quebec and New Brunswick were rich and did not need equalization payments. However, in order for that to happen, we need to stimulate the economy. The construction of the energy east pipeline will support economic development and benefit every province of Canada.
We need to support this motion and let the industry know that, yes, we are in favour of sustainable economic development.