Natural Resources

During question period on natural resources, the Bloc Québécois asked about reports that the government wants to put public money, including Quebec’s share, into new oil pipelines, saying no private company is interested because oil demand is expected to peak soon and the projects would not be profitable. The party argued money should go to clean technology and the energy transition instead, and said Quebeckers do not identify with oil-driven nationalism. The Liberals said the Prime Minister’s economic nationalism means controlling Canada’s own economic levers during trade conflicts, pointing to investments in a wealth fund, natural resources and renewable energy. They also listed investments in Quebec, including mining projects such as Nouveau Monde Graphite and port expansions, saying these would create tens of thousands of jobs.Written by AI from the debate. Updated .

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2 statements

Christine Normandin, Saint-Jean

Bloc Québécois
“The Prime Minister is spending billions of public dollars on new oil pipelines. People in Quebec do not want pipelines, and they should not have to pay for them.”
Official Hansard

Mr. Speaker, yesterday, the Prime Minister explained that he wants new pipelines because he is a nationalist. Canadian nationalism means dirty oil. Quebeckers do not identify with that and should not have to pay for it either. Last week, Ottawa confirmed that it wants to allocate $10 billion in public funds for a new pipeline. Yesterday, the Prime Minister put $25 billion into a sovereign wealth fund that looks more like a gimmick designed to finance oil companies. Does he realize that no matter how many maple leaves he slaps on the pipelines, Quebeckers simply will not want them?

Christine Normandin, Saint-Jean

Bloc Québécois
“Private companies will not build a new western pipeline because oil demand will peak soon and it will not make money. The government should not spend billions of public dollars, including Quebeckers' money, on a project that will not be profitable. We should fund clean technology instead.”
Official Hansard

Mr. Speaker, there is a lot of buzz in Ottawa about building a new pipeline in western Canada, but no one in the private sector is interested because demand for oil is going to peak in 2029. It is not profitable. What is profitable is investing in the transition, funding clean technologies, and funding climate change adaptation, yet the Prime Minister of Canada tells us that, in the name of Canadian nationalism, we should add $10 billion in public funds to build a new pipeline, even though it is not profitable. If the private sector does not think it is profitable, then why would the government invest Quebeckers’ money in it?

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