Mr. Speaker, I rise on a matter of urgent and pressing necessity under the terms of Standing Order 43. I am compelled to do this by the extremely grave threat to Canada's heavy oil production caused in part by the export quota system which has lead to a dramatic fall in demand. Already over 500 of the Lloydminster producing wells have been shut down and due to the unique characteristics of the Lloyminster field, these wells may never again attain full production when restarted. I therefore, move, seconded by the hon. member for Peace River (Mr. Baldwin):
That although this House acknowledges the efforts of the National Energy Board to deal with the situation, this House regrets that the measures will not become effective until March or April, 1976, thus forcing the closure of many more oil wells in the Lloydminster area causing severe disruption of the economy and the subsequent loss to Canada of vital oil resources, and directs the Minister of Energy, Mines and Resources to make new initiatives, possibly entailing either the further reduction of the export tax on heavy oil or the exemption of heavy oil from the quota system.
Subtopic: PROPOSAL TO AVOID REDUCTION IN PRODUCTION OF HEAVY OIL-MOTION UNDER S.O. 43