Madam Chair, I want to switch to the climate crisis. Given the comments and a lot of good questions that were asked by the hon. member for Repentigny, which I might have asked, I just want to put into context that, while this federal government spends more money than others, I would not say that it has the best plan, compared with even the previous Liberal government of Paul Martin.
The current context is that we are up against the very edge of too late. The Intergovernmental Panel on Climate Change has warned us that if we do not ensure that global emissions peak and begin to fall no later than before 2025, we will go past 1.5° and past 2°, meaning no new fossil fuel infrastructure is possible and no new fossil fuel exploitation expanding is possible.
Given that, and looking at the Trans Mountain pipeline, the minister said, in February 2022, that there would be no more public monies going to that project. However, as economists like Robyn Allan have pointed out, the debt load amounts to $700 million a year, as in last year's debt. The Government of Canada is responsible for the interest payments on that debt.
Does the hon. minister have any comments on how we square these two realities: the promise of no public money being spent and the constant pressure that the government is responsible for $10 billion, minimum, in debt on the project?