Discussion · Oral Questions
Patrick Bonin Bloc Québécois
“The Liberals want to spend $14.5 billion on a tax credit that helps companies pump out more oil. How can they justify paying to produce more oil?”
“Mr. Speaker, the Liberals claim that producing more oil will have no environmental impact thanks to carbon capture and storage. In their economic update, however, they have transformed their miracle solution into a new problem. They are expanding their carbon storage tax credit to include enhanced oil recovery. That means injecting CO2 into the ground to pump more dirty oil out. They want us to pay for that with a $14.5-billion tax credit, to boot. How can they justify that?”
Official Hansard
Mr. Speaker, the Liberals claim that producing more oil will have no environmental impact thanks to carbon capture and storage. In their economic update, however, they have transformed their miracle solution into a new problem. They are expanding their carbon storage tax credit to include enhanced oil recovery. That means injecting CO2 into the ground to pump more dirty oil out. They want us to pay for that with a $14.5-billion tax credit, to boot. How can they justify that?