Oil and Gas Industry

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2 statements

Mario Simard, Jonquière—Hébertville—Pays-des-Bleuets

Bloc Québécois
“Oil companies are making record profits while people struggle with the cost of living. Suncor made almost $10 billion in nine months. I want to know if the government will stop giving public money to these companies in the budget.”
Official Hansard

Mr. Speaker, while Quebeckers are struggling with the cost of living, the greedy oil companies continue to rake in record profits from the war in Iran. In nine months, Suncor made nearly $10 billion. That is more than it made in its best year ever. Its refining margin shot up 260%, which means that, yes, it is ordinary people who have been paying the price. The greedy oil companies are getting richer than ever at Quebeckers’ expense. Will the government finally cut off their supply of public funds in the budget?

Mario Simard, Jonquière—Hébertville—Pays-des-Bleuets

Bloc Québécois
“Oil companies are making record profits, but the government is still making Canadians pay billions of dollars for a pipeline and fossil fuel subsidies. I want to know when the government will stop using public money to help oil companies.”
Official Hansard

Mr. Speaker, at the rate they are going, heat pumps will end up running on gas. Oil companies are posting record profits again this year because of the war in Iran. Meanwhile, the Liberals want Canadians to foot the $40-billion-plus bill for a pipeline out west. We are already forking out tens of billions of dollars in fossil fuel subsidies, and now we are learning that the upcoming budget will overhaul exploration deductions for oil and gas companies. I would bet an old two-dollar bill that the goal is not to reduce those deductions. When will the Liberals stop making Canadians pay to help the greedy oil industry?

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