Guilbeault: “I’m not an expert on oil markets”

Climate Change Minister Steven Guilbeault, the man who determines Canada’s environmental policies while balancing economic needs, said on Monday that he’s not an expert on the very market that he’s regulating the most. 

Guilbeault: “I’m not an expert on oil markets”

After a reporter asked the minister for comment on New Brunswick Premier Blaine Higgs’ claim that Irving Oil’s possible sale is related to his environmental agenda, Guilbeault responded: “I can’t really comment, I’m not an expert on oil markets.”

The minister further said that the future of the refinery will require investment in decarbonization, “which is exactly what our government is doing through a number of different initiatives.”  

Irving Oil is Canada’s largest refinery, and employs about 4,000 people in Premier Blaine’s province. The New Brunswick refinery processes 320,000 barrels a day. 

Two weeks ago, the private company announced that their president, Ian Whitcomb,  was resigning. An ongoing strategic review taking place among Irving Oil executives could lead to a full or partial sale, the group announced last year. 

Premier Higgs later claimed the potential sale was related to Guilbeault’s federal carbon tax and clean fuel standards. 

Guilbeault wants to partner with Irving Oil

Guilbeault was also asked on Monday if he thinks Irving Oil has a future in Canada in ten or twenty years.

“I think clearly we will still need to be using fuels but we will be using different types of fuels,” he said.

“I spoke about hydrogen, we can talk about different types of alternative fuels that are being produced,” he added.

The Climate Change Minister also said “The government wants to be a partner with [Irving Oil] to make that transition.” 

Carbon tax set to raise

As the federal carbon tax is set to rise next month, a significant portion of Canadians are opposed to the increase, according to recent polling. 

On April 1, the Trudeau Government’s tax on carbon pollution will go up by $15 per tonne, aiming to escalate annually until 2030. 

Arguing that the carbon tax will cut emissions and foster innovation, the Liberal’s upcoming increase translates to an added 17 cents per litre on gasoline, 21 cents per litre on diesel, and 15 cents per cubic metre of natural gas. 

Share this story

Donate now to keep us on the front lines:

Help Keep your News Free

It's crucial we stay in touch

Big Tech wants to censor us, that’s why you need to stay in touch.


Trending News

SINKING SHIP: Yet another Liberal Minister is set to announce he will not seek re-election and will step down from his cabinet role.

TCS Wire

July 18, 2024

Trending News

Alberta outshines the feds and other provinces in latest poll comparing provincial and federal governments.

Keean Bexte

July 17, 2024

Trending News

Smith says Alberta doesn’t have the capacity to take in more asylum claimants.

Mike Campbell

July 16, 2024

Trending News

Smith tells Trudeau his carbon tax is far worse than the rebates. “Even your own Parliamentary Budget Officer confirms that this tax will devastate Canada’s economy.”

Mike Campbell

July 15, 2024

Trending News

Keean Bexte

July 11, 2024

Trending News

Guilbeault’s losses are stacking up! Here are five times he’s lost in court.

Mike Campbell

July 10, 2024

Want to join the conversation?

Sign up now to be able to like, comment and reply to other members. A full membership to our site includes:

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.