Mr. Speaker, I will be splitting my time with the member for Foothills.

It is a privilege to rise in the House today on behalf of Edmonton Northwest, a constituency that borders the industrial heartland of Alberta, a constituency with some of Edmonton's largest industrial zoning, where men and women work on behalf of the energy sector.

Over the last 10 years of the lost Liberal decade, we have seen so much uncertainty. So much of our potential as a country continues to be held back. In a country with the highest amount of natural resources per capita in the world, Canada should not be in the position that we are in: the weakest economic growth among the G7; sending our allies, like Germany and Japan, to non-allied countries for energy; and sowing division amongst provinces, people and regions. As Conservatives, we want to unleash the power of our natural resource sector in partnership with all stakeholders, investors, indigenous peoples and all partnerships for the win-win benefit of all Canadians. Unleashing the economy needs to be measured and strategically done, rather than driven strictly by ideology.

One way of measuring success is by investment. Do the risk-takers feel comfortable enough to take that risk and make billions of dollars in investment? Well, it has been many years since investors felt safe to build large infrastructure in Canada. I personally was in a room hosted by British Columbia Investment Management Corporation just two short years ago, where a question was asked of those Canadian capital and investment bankers: What percentage of their portfolio was invested into Canadian infrastructure? The response was abysmal: maybe 5%, on average, with no outlook for growth.

Half a trillion dollars of investment has poured out of this country and into the United States over the last decade. This is due to Liberal anti-energy laws; the sowing of division in our country, pitting regions and provinces against each other; ignoring Alberta and the west in particular; and the villainization of our energy sector for all of Canada. It was not always this way, though. There was a time when provinces took the risk to invest in each other.

In the 1970s and 1980s, the Alberta Heritage Savings Trust Fund invested hundreds of millions of dollars into other provinces. Albertans took the risk and made the prudent decision to invest in Canadian energy across provincial boundaries, such as in Hydro-Québec, the New Brunswick Electric Power Commission, Newfoundland and Labrador Hydro, Nova Scotia Power and the Prince Rupert Grain Terminal. Still today, multiple generations of Newfoundlanders come to Alberta to build the energy engine of Canada in Fort McMurray.

These investments showed we can work together in energy development. Albertans took the risk on other provinces, their resources and their people because we believed in Canada, and it was worth investing in. We believed it would make us a stronger country, and it did. Contrast that with today. When we ask Canadians what they think of Albertan resources and investing in each other, I do not think we get the same response.

Bill C-5 has all the usual talking points, and that is what this has proven to be. It is the same strategy of safe talking points and rhetoric. What are the measures of success beyond just the rhetoric of Bill C-5 and the legislation? What is the number of projects? How many of these would cross provincial boundaries? What is the investment number? What is the growth in GDP? What are the timelines? How much of that half-trillion dollars would come back to Canada from the United States? Is this tough talk against the States just that, just talk?

Sure, we hear the current government wants to get things built within two years, but it does not put that two-year timeline in its own legislation. I believe we can build at the speed of business. There is evidence. Our country has the capacity, the manpower and the ability to do right by our energy sectors. We have no shortage of experience as a country to get large projects done. Take, for example, the TransCanada natural gas pipeline. Back in the 1950s, Trans-Canada Pipe Lines Ltd. built 3,500 kilometres of pipeline from Alberta to Montreal in just three short years. Still to this day, that Canadian, Albertan resource is heating homes in the east.

We proved as a country then that we can bypass the United States and build projects of national significance, proving that through natural resources, we are a strong, sovereign country. We can get things done. However, the ability to get things done has only worsened under the Liberals. They may tout Trans Mountain as a success, but the project, under them, went from a $5-billion investment to a $30-billion mismanaged project.

Is this the same level of excellence we should expect under Bill C-5 out of their new special projects office? The Liberals will also tout new investment of $5 billion into the national indigenous loan guarantee program, but I can tell members that $5 billion on a $30-billion mismanaged Liberal project would not cut it on Trans Mountain, and this same level of incompetence will not cut it on future projects.

Cedar LNG has raised the bar to 51% indigenous ownership on new projects, and this $5 billion that is supposed to highlight the new level of indigenous participation in this economy will certainly not meet that bar set by Cedar for the number of projects needed to make this country a superpower in energy. All of this uncertainty only undermines indigenous participation in the economy, sends mixed messages and sounds more like the usual reconciliation rhetoric. Uncertainty in indigenous spaces only means more uncertainty for Canadian investors and risk-takers to build the projects needed yesterday to make our country stronger internally and internationally.

Under this Liberal Bill C-5, the government will again have its own laws to make an excuse not to get things built. That is where the real answer lies. The answer needed to make Canada an economic superpower is to repeal Bill C-69, the no new pipeline law; repeal Bill C-48, the tanker ban; repeal the cap on Canadian energy; repeal the industrial carbon tax; repeal those things rather than being too cute by half with Bill C-5.

On this side of the House, we believe in building projects, as was proven and done in the past. What we do not believe in is more government rhetoric. We do not believe in playing politics of convenience with our national economy. On this side of the House, we do not agree with raising expectations of Canadians, the provinces, first nations and investors only to pull the rug out from under them, with excuses down the road from existing legislation. Every day that goes by, the Prime Minister and government are proving to be more of the same as the last Trudeau government, all about the photo op and not the result.

On this side of the House, we support building projects and unleashing the economy, and we will hold the Liberal government to account in that regard. On this side of the House, we believe in energy workers, and we believe in less red tape. We believe in legislation that would last beyond two to five years. We believe in government action that would last generations. We believe in energy security and going beyond photo ops. Canadians need affordable, reliable power and fuel so Canada can be self-reliant and achieve real economic independence from the U.S.

We believe in building things across this country for that mission. We believe in enhancing our ports for this cause. We believe in engaging indigenous nations effectively, rather than the same old talking points through third-party institutions. We believe in creating investment certainty for Canadian risk-takers. We as a country have done it in the past, and we can do it again with the repeal of Bill C-69 and those other laws.

Billy Morin

Transcript

Government Orders

Discussions (0)