Madam Speaker, I am astonished that the member for Red Deer—Lacombe is apparently unaware of the reason why Petronas, a state-owned company from Malaysia, cancelled its LNG project on Lelu Island and why Trans Canada cancelled its energy east project. It had to do with market conditions and a lack of profitability.
We have now had two full days of debate on a carbon tax. I have not heard a thing from the Conservative caucus about whether it is concerned that we are facing a galloping climate crisis. We are facing the kinds of changes that will put our children’s future at risk.
I would really like to hear something from those members about the costs of inaction when facing the climate crisis, not just political partisan potshots at the weak Liberal plan that we now see.
Blaine Calkins – Member for Red Deer-Lacombe
Oh my goodness, Madam Speaker. I do not even know where to begin.
It is the uncertainty of the regulatory environment, upstream and downstream emissions being counted in on the energy east pipeline. Even Saudi oil does not have to face that test. No company in its right mind would pursue a project when the government puts such onerous regulations in its path. The companies had to protect their investors, and a lot of those investors invested several billion dollars in the BC government pension fund and in Kinder Morgan. That is a bit of irony.
I am worried about the galloping debt the country and the provinces are accumulating. All of that will be passed on to future generations, and that is unacceptable.