44th Parl. 1st Sess.
May 17, 2022 10:00AM
- May/17/22 11:12:48 a.m.
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Madam Speaker, the motion by the hon. member for Victoria is not only timely and important, but very reassuring.
As I read the member's motion, I found much common ground across the aisle, including a shared recognition that energy security is ultimately about climate action. How so? The International Energy Agency, or the IEA, defines “energy security” as the uninterrupted availability of energy sources at an affordable price. As the motion implies, if we want to secure an uninterrupted and stable energy supply, we have to accelerate the switch to lower-emitting energy sources, and we have to do so in ways that are affordable to Canadians. Otherwise, we risk exacerbating existing equity issues and losing some of the political will that has accumulated to drive climate action.
Therefore, we are clearly on the same page with the member opposite when she talks about the need to invest in renewable sources of energy and support both energy security and affordability. In fact, that is a central focus of the 2030 emissions reduction plan that our government released at the end of March. It is a comprehensive mix of new investments, subsidies and incentives that build on the more than $100 billion we have already committed to climate action since coming to office in 2015.
The plan also includes hard caps on emissions from every economic sector, as well as stronger environmental regulations and new sales mandates for electric vehicles, all of them aimed, ultimately, at making Canada a net-zero nation by 2050.
Put another way, our 2030 emissions reduction plan is about protecting the environment in ways that actually unlock new economic opportunities. It is about cutting pollution and creating good jobs. Where needed, it is about providing training, skills, development and other support to workers and communities, so that clean growth works for everyone in every sector of our economy and every region of our country.
Investing in renewable sources of energy is a key part of our plan. There is simply no way to reach our climate targets while ensuring our economy remains strong and globally competitive without a sustainable, low-carbon energy sector. Frankly, renewables have been part of our climate action plan since we sent our first delegation to COP 2015, which was just weeks after we formed government in 2015.
Our level of commitment to investing in renewable sources of energy has only grown from there. Just last year, we launched our $1.5-billion clean fuels fund to support the next generation of fuel production. With this new fund, we are supporting feasibility and front-end engineering and design studies, helping to establish biomass supply chains, creating new markets for waste from forestry and agriculture, and developing essential codes and standards, ensuring that new technologies can enter the market reliably. Best of all, we expect to create more than 35,000 direct and indirect jobs through this fund and leverage an additional $3.5 billion in other public and private investments over the next five years, all while helping to reduce our emissions by up to 12 megatonnes.
Budget 2022 further builds on that and is highlighted by a world-leading $15-billion Canada growth fund and an expansion and extension of the low-carbon economy fund, with a further $2.2 billion. Other measures specifically advance our capacity to produce renewable energy. Electricity is a case in point. We have committed to a net-zero electricity system by 2035, and our new federal budget includes further investments to get us there. They include $250 million over four years to support pre-development activities of clean electricity projects of national significance, such as interprovincial electricity transmission projects and small modular reactors. These projects build on what our government is already doing to advance similar work on the Atlantic loop and prairie link projects.
There are also $600 million over seven years for the smart renewables and electrification pathways program to support additional renewable electricity and grid modernization projects, $2.4 million in 2022-23 to establish a pan-Canadian grid council, which would provide external advice in support of national and regional electricity planning, and $25 million to establish regional strategic initiatives to work with provinces, territories and relevant stakeholders to develop net-zero energy plans.
As we invest in renewables, we are also helping Canadians to use less energy, such as with the Canada greener homes grant that was launched in May of last year. It offers grants of up to $5,000 to help Canadians finance resiliency and energy efficient retrofits in their homes. The program has proved to be very popular, with over 150,000 homeowners applying through the national portal and another 50,000 coming in through our co-delivery partners of Quebec and Nova Scotia.
Of course, carbon capture, use and storage also figure prominently in our emissions reduction plan and our 2022 budget. Carbon capture technologies have also been a part of Canada's plan since the turn of the century, when an international team of scientists descended on an oil field in Saskatchewan to study the feasibility of injecting carbon dioxide into a geologic formation. Almost two decades later, carbon capture has emerged from the laboratory as a commercially viable option, but the sheer scale of these projects demands continued collaboration to reduce costs, which means that we cannot afford to be excluding potential partners as we try to achieve an economy of scale with the technology. That is where I part ways with the member opposite and her motion. We need all hands on deck to fight climate change. With our abundance of natural resources and skilled labour, Canada is well positioned to lead global growth in CCUS as it supports our investments in renewables.
The oil and gas industry, which contributes 26% of Canada's overall emissions but also directly employs over 70,000 people, should not and will not be excluded. That said, it is our intention that the tax credit cannot be used for enhanced oil recovery. Simply put, the tax credit would be an effective way to further mobilize substantial private capital towards clean technologies in energy, driving down costs and encouraging widespread market adoption.
When it comes to climate change, I think colleagues will agree that there is no magic bullet. We need to use every tool in the tool box, and we need every partner we can get to help us achieve our goals. We have the ambition, the know-how and the plan to build a bright, healthy future for everyone.
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- May/17/22 11:21:06 a.m.
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Madam Speaker, as the hon. member knows, the price on pollution applies where the fuel is combusted, as the parliamentary secretary before me said.
I would just like to point out to the hon. member that I have been watching the Conservative leadership debates, and they are still debating whether climate change is real or not. I know there are some enlightened Conservatives out there who believe climate change is real and that we need to address this existential crisis that is facing us now and will face our children and grandchildren.
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- May/17/22 11:22:51 a.m.
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Madam Speaker, we are feeling the impacts of climate change up close and personal in Manitoba. My heart goes out to the good people of Peguis and other first nations communities that have been evacuated.
We have experienced two “once-in-300-year” floods in the past decade: in 2011 and 2014. As the hon. member will know, many people were evacuated from their homes. Many of them were first nations. That is why, yesterday, the minister introduced a national adaptation strategy that will help us to build resiliency for our communities. It is why we have spent $100 billion, and an additional $9.1 billion for the emissions reduction plan. We not only have to address adaptation, but we have to address the mitigation issue: that is causing these flooding issues the hon. member has brought to our attention.
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- May/17/22 11:25:13 a.m.
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Madam Speaker, like the hon. member for Timmins—James Bay, the Bloc thinks this government is doing absolutely nothing. We have invested $100 billion in climate action. We flattened the curve. The hon. member from Timmins mentioned his view was that the emissions reduction plan was a scam. The World Wildlife Fund, David Suzuki and Andrew Weaver from the Green Party have all praised our plan. They are a little more objective than the member opposite.
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