Government Orders ·
Canadian Fuel Affordability Act
“We all agree we should keep pausing this fuel tax. But to lower fuel costs long term, we must either make more fuel or use less of it. I want to know if the member has ideas to increase fuel supply or lower demand.”
“Madam Speaker, it seems we are in violent agreement in this House about the need to extend this excise tax, so I would like to use the member’s speech as a launching-off point for a related conversation about affordability. He brought up the crack spread. Refining capacity globally is, of course, under severe stress. The Strait of Hormuz could open tomorrow, and I suspect because of refining challenges, that crack spread would grow, even, and so we must either increase refined supply or reduce demand to meaningfully address this in the long term. Obviously, more refined capacity will take time. I was wondering if the member opposite had views or proposals on policies that could either increase supply or reduce demand for refined products.”
Madam Speaker, it seems we are in violent agreement in this House about the need to extend this excise tax, so I would like to use the member’s speech as a launching-off point for a related conversation about affordability. He brought up the crack spread. Refining capacity globally is, of course, under severe stress. The Strait of Hormuz could open tomorrow, and I suspect because of refining challenges, that crack spread would grow, even, and so we must either increase refined supply or reduce demand to meaningfully address this in the long term. Obviously, more refined capacity will take time. I was wondering if the member opposite had views or proposals on policies that could either increase supply or reduce demand for refined products.