November 22, 1979

?

Some hon. Members:

Agreed.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   UNEMPLOYMENT INSURANCE
Sub-subtopic:   REQUEST GOVERNMENT NOT INCREASE PREMIUMS- MOTION UNDER S O. 43
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?

Some hon. Members:

No.

Topic:   ROUTINE PROCEEDINGS
Subtopic:   UNEMPLOYMENT INSURANCE
Sub-subtopic:   REQUEST GOVERNMENT NOT INCREASE PREMIUMS- MOTION UNDER S O. 43
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ORAL QUESTION PERIOD

TAXES PAID BY MULTINATIONAL OIL COMPANIES

LIB

Marc Lalonde

Liberal

Hon. Marc Lalonde (Outremont):

Mr. Speaker, my question is for the Minister of Energy, Mines and Resources. According to this morning's paper, the president of Shell Canada, a company that paid no taxes last year on $360 million income-

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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PC

John Carnell Crosbie (Minister of Finance)

Progressive Conservative

Mr. Crosbie:

Under your policy.

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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LIB

Marc Lalonde

Liberal

Mr. Lalonde:

-and whose profits have risen by 66 per cent in the last year-

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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PC

John Carnell Crosbie (Minister of Finance)

Progressive Conservative

Mr. Crosbie:

Don't be such a hypocrite.

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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LIB

Marc Lalonde

Liberal

Mr. Lalonde:

According to press reports, the president of this company is threatening to cut its program to invest in exploration and capital investment in energy development if it does not get even higher prices and the tax incentive guarantees that it wants. My question to the minister is this: In the face of this fresh evidence as to what it means to be at the mercy of

Oral Questions

multinationals to ensure Canada's future energy security, does the government remain committed to dismantling Petro-Canada and thus tossing away our best chance at long-term security of energy supply and independence from petroleum multinationals?

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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PC

Ramon John Hnatyshyn (Minister of Energy, Mines and Resources)

Progressive Conservative

Hon. Ray Hnatyshyn (Minister of Energy, Mines and Resources):

Mr. Speaker, 1 do not think it needs reiteration in this House to say that the whole question with respect to the attitude the hon. member takes toward the role of multinationals in this country is not unrelated to the position taken by the previous government. This government is interested in and will take steps to encourage Canadian participation and control of its resources. If in his statement there is reference to any dismantling of Petro-Canada, it is misleading. The fact is that we intend to strengthen this corporation to make it more viable.

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
Permalink
?

Some hon. Members:

Hear, hear!

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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PC

Ramon John Hnatyshyn (Minister of Energy, Mines and Resources)

Progressive Conservative

Mr. Hnatyshyn:

The hon. member and his party are trying to stand in the way of this innovative process which we are undertaking.

[ Translation]

Topic:   ORAL QUESTION PERIOD
Subtopic:   TAXES PAID BY MULTINATIONAL OIL COMPANIES
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PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET

LIB

Marc Lalonde

Liberal

Hon. Marc Lalonde (Outremont):

Mr. Speaker, my supplementary is for the Minister of Finance. In view of the fact that the report of the task force on Petro-Canada contains a recommendation which would substantially increase the tax burden of the federal government, and in view of the statement made by the Minister of Energy, Mines and Resources which would also add to the burden of Canadian taxpayers as far as Canada's energy policy is concerned, can the Minister of Finance tell us whether we will be advised of the future of Petro-Canada prior to the budget speech on December 11, or will this question remain a vague hypothesis which will be settled only after his budget?

Topic:   ORAL QUESTION PERIOD
Subtopic:   PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET
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PC

John Carnell Crosbie (Minister of Finance)

Progressive Conservative

Hon. John C. Crosbie (Minister of Finance):

Mr. Speaker, the world and Petro-Canada will unfold as they should, and there will be an announcement on Petro-Canada.

Topic:   ORAL QUESTION PERIOD
Subtopic:   PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET
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?

An hon. Member:

Arrogance.

Topic:   ORAL QUESTION PERIOD
Subtopic:   PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET
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PC

John Carnell Crosbie (Minister of Finance)

Progressive Conservative

Mr. Crosbie:

When you talk of arrogance, what about the question-

Topic:   ORAL QUESTION PERIOD
Subtopic:   PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET
Permalink
?

Some hon. Members:

Oh, oh!

November 22, 1979

Oral Questions

Topic:   ORAL QUESTION PERIOD
Subtopic:   PETRO-CANADA DISPOSITION OF CORPORATION BEFORE BUDGET
Permalink

November 22, 1979