M-21 Petroleum-monitoring agency

That, in the opinion of the House, the government should: (a) create a petroleum-monitoring agency with a three-year mandate to collect and disseminate, on a timely basis, price data on crude oil, refined petroleum products, and retail gasoline for all relevant North American markets; (b) in consultation with stakeholders from the petroleum sector (major companies, independent companies, and consumer groups), appoint a director who would lead this agency; (c) require the agency to report to Parliament on an annual basis on the competitive aspects of the petroleum sector in Canada; and (d) request that the Standing Committee on Industry, Science and Technology review the agency's performance and the need for an extension of its mandate following the tabling of the agency's third report.