44th Parl. 1st Sess.
May 17, 2022 10:00AM
- May/17/22 2:07:58 p.m.
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Mr. Speaker, as I have always stated, the entrepreneurial spirit and can-do attitude that exist in the city of Vaughan are second to none and are inspiring. Driven by the decade-long leadership of His Worship Maurizio Bevilacqua, and based on the three core values of readiness, resilience and resourcefulness, the city of Vaughan exits the global pandemic as an economic powerhouse.
Vaughan is the largest economy and employment centre in York Region, accounting for nearly 39% of all jobs and an annual economic output estimated at $25 billion. Critical investments in Vaughan’s infrastructure, including the Yonge North subway extension, the development of the Vaughan Metropolitan Centre, the Cortellucci Vaughan Hospital, the Highway 427 extension and the opening of the YMCA’s flagship site, are examples of the city’s transformation and key partnerships.
Vaughan’s growth is remarkable and the future for its residents is bright. We are making the city of Vaughan the city of choice to work in, to invest in and to live in.
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- May/17/22 4:39:27 p.m.
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Madam Speaker, it is wonderful to be here and it is wonderful to be speaking to this opposition day motion brought forth by the member for Victoria. I would like to start off by framing this opposition motion the way I view it.
When I think of a trifecta and of the energy industry where we are, both domestically and globally, and how it relates to affordability and where gas prices are today, I think of three things. I think of energy security, which means security of supply and also security of work. I think of energy affordability, which means being able to afford the energy we buy. We have seen the prices of commodities rise globally due to supply chain bottlenecks and the barbaric invasion of Ukraine by Putin's regime, which imperils energy affordability. Then, we talk about decarbonization. I think of energy security, energy affordability and then a longer-term transition where we have decarbonization. That is important because, when we think about it, Canada is an energy leader.
This morning, I spent some time researching what I wanted to say this afternoon. I went to the Natural Resources Canada website and looked at the “Energy Fact Book 2021-2022”. There is some great information out there for policy wonks and people who want to understand just how important both the renewable and non-renewable energy industries are to Canada and Canadians from coast to coast to coast. According to the “Energy Fact Book 2021-2022”, produced on the Natural Resources website, direct to indirect jobs total 845,000 folks. These are hard-working middle-class Canadians who earn their livelihoods from this industry. That is very important to understand.
The investments that are taking place, just on the renewable side or clean energy, have totalled roughly $80 billion to $100 billion every year for the past several years. I was looking at the numbers: the total was $92.1 billion in 2021. That is wind, geothermal, nuclear, hydro, solar and tidal. There is this industry in Canada that we need to be extremely proud of, and that I am very proud to support and to speak about on this opposition day motion, from which Canadians are earning their livelihoods. People are putting their kids in school. They are paying for their hockey lessons and swimming lessons, and we are here to support them.
The opposition day motion talks about ending any sort of financial support to the fossil fuel sector. Our budget that we produced states, I believe, that by 2023 there will be no more direct financial support provided to the energy sector, when we talk about the non-renewable side. When we think about energy security, we must think about Canada and areas such as the western Canada sedimentary basin. I know some of my colleagues on the opposite side come from these areas, and I am from British Columbia originally. There are literally tens of thousands of kilometres of pipeline in that area that are moving gas everywhere in North America. In fact, it is being exported via LNG sites in the United States to Europe at this time and helping our European allies. We need to consider that. It is easy to criticize an industry when one thinks it is fun to do so, and I use that word carefully. I do not. There are 845,000 Canadians tied to this industry.
In reference to the carbon capture tax credit, the third pillar I spoke about was decarbonization. With respect to decarbonization, to me the story is to lower greenhouse gas emissions both domestically and globally. We do not want leakage. We will do that in a manner where we work with stakeholders, including industry. Industry has these roughly 845,000 Canadians who earn their livelihoods from the energy industry. That, to me, is what is called “responsible leadership”. That, to me, is doing the right thing and moving this needle and yardstick in the right direction.
In fact, in our budget, and I look forward to seeing the full details in the fall economic statement, we will introduce a new tax credit for investment in clean technology of 30% for zero-emission technologies and battery storage; in clean hydrogen, which is very exciting; and in blue hydrogen, which I have been learning a lot about in the past few weeks. It is very important.
What I think of as the three pillars are energy security, energy affordability and decarbonization. We are on a track that I am proud of, the emissions reduction plan, which is under the umbrella of Bill C-12: the net-zero accountability act. It is accountable, it is tangible and it lays out a framework so that we can decarbonize our economy and, yes, lower greenhouse gas emissions.
To my hon. colleagues in the NDP and the member for Victoria, when I think about affordability, yes, gas prices are absolutely high. Yes, they are absolutely pinching Canadians. We must demonstrate empathy. I know that. I live in the suburbs outside of Toronto, and everyone in my neighbourhood drives two or three vehicles. They have to get their kids to school and sports and they have to drive them home. We understand that and I understand that, but inflationary forces, be they supply chain bottlenecks or how refineries operate, which would take another hour to explain on the refinery margins part, fracking and NAC and all that stuff, and what has happened with Russia's barbaric invasion of Ukraine have driven up prices across the board. Even the Europeans have reached out by saying they need more gas. That is the energy security component.
On the affordability component for my hon. colleague for Victoria, I think about the Canada child benefit that we introduced in 2015, which all parties voted against, including the New Democratic Party. It benefits the residents of my riding in the amount of over $60 million a month. Almost $7,000 can help a family with one child earning below a certain amount. We returned the old age security and GIS eligibility to age 65. In June and July, over three million Canadians will be receiving a 10% increase in their old age security payments, bringing it up to $766. That is how to help on the affordability side, particularly at a time when inflationary forces are elevated, and we must be cognizant of that.
For seniors who are concerned about how they are going to pay their dental bills, we are going to go down that route, just as we got national child care done after the Conservatives scrapped it many years ago. It is going to benefit Canadians from coast to coast to coast and allow for greater and higher labour force participation rates by parents. It will be a boost to our labour supply and good for our productive capacity. We will do the same thing on dental care. We will ensure seniors and individuals who do not have insurance or a copay will benefit from that. Our government has been there for Canadians, and we need to continue to be there.
On the recovery from COVID, as I said, we were there for Canadians and we had their backs. We must work with all industries as we come out of COVID, which we have been, and we must keep our eye on the ball that climate change continues to be the transition in front of us, independent of what is happening in other parts, because that is where the world is going.
The auto sector right now is investing roughly $515 billion in transforming itself into what I call auto to electric vehicles. That is something we are participating in, and we are at the table. It is important that we remain focused on that front.
When I read the opposition motion that talks about carbon capture, utilization and storage and other forces at play, I ask myself what we are doing in the economy that allows us to decarbonize, which is an element of working with stakeholders and listening, and at the same time making life more affordable for Canadians.
There are things we are doing on the housing front, such as providing 100,000 new homes and doubling housing construction, allowing Canadians to save for a home with the first-time homebuyers' investment vehicle, getting the froth out of the housing market by ending blind bidding and speculation, and banning foreign purchases.
On the affordability front, we are doing what is right for Canadians not only for today, but for the long term. I am so proud of the $10-a-day day care national child care plan modelled after la belle province that is going help residents in my riding because, frankly, it costs $1,500 to $2,000 for a family to put a child in day care in the city of Vaughan and York Region. Those are after-tax dollars, and we are going to help them.
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- May/17/22 4:50:07 p.m.
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Madam Speaker, as I stated in my speech, and I want to be very clear, in our budget we have made very clear that all subsidies will be ending in 2023. It is there and it is very clear, so I would refer the hon. member to that part of the budget that I put forth. We will continue to support all workers across Canada. We will continue to support all families across Canada and make sure we have their backs after we exit COVID-19, and we are going to very strongly, and also as we undertake this energy transition that is going to be taking place in Canada for many years to come.
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- May/17/22 4:51:48 p.m.
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Madam Speaker, I am completely and utterly for innovation within the oil and gas industry that will reduce greenhouse gas emissions. As we continue to earn revenues from this sector and as we continue to export this product to markets that need it, we are talking about energy security and the North American energy markets. They are very integrated, and we work together with our partners, but I continue to see innovation as being crucial, in terms of reducing greenhouse gas emissions across this beautiful country we call home.
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- May/17/22 4:53:03 p.m.
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Madam Speaker, 845,000 hard-working Canadians go to work every day in the energy sector in Canada. They are hard-working folks. They do what is right for their families, and they try to put some money away for the future of their kids. We need to continue to support them. The energy industry is going to be with us for many years to come, and we need to make sure, as the energy transition moves along, that we have its back.
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- May/17/22 4:54:11 p.m.
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Madam Speaker, as I said to the member for Kitchener, very clearly, carbon capture and storage is one tool we will utilize in working with industry and stakeholders. I would like to remind the hon. member that we put $4.4 billion in home energy retrofits and loan and grant programs that Canadians are utilizing today.
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