Madam Speaker, of course we are under siege with the climate crisis. In British Columbia we experience extreme weather from fires to floods. Lives were lost and there have been damages of untold millions of dollars. What is needed is not the solution the Conservatives are proposing, to not address the climate crisis through carbon pricing.
What we need is for the government to take on big oil. The minister supposedly came from the environmental sector. Why is he not taking this on and imposing a windfall tax on big oil? It made a record profit last year of $147 billion. Why are we not taxing big oil to address the climate crisis?
Steven Guilbeault (Liberal) Laurier—Sainte-Marie, QC
Madam Speaker, I can reassure my hon. colleague that I do not supposedly come from the environmental sector. I am from the environmental sector. I have the arrest record to prove it.
We have put in place a number of measures to tackle the emissions of the oil and gas sector. In fact, our emissions reduction plan presented last March is the first time in the history of this country when we have set a trajectory for emissions reduction for the oil and gas sector. We are working on a number of different elements of regulations to tackle the emissions of the oil and gas sector.
We eliminated international fossil fuel subsidies just before Christmas, and we are working with the party of the member opposite on eliminating those subsidies in Canada in the first half of this year. We will be doing this two years earlier than all of our G20 partners who have committed to eliminating those fossil fuel subsidies by 2025.