SoVote

Context: House Hansard - 127 - Nov/15/22

Nov/15/22 12:09:01 p.m.
Watch
Re: Bill C-32

Mr. Speaker, I always enjoy the hon. member's interventions at the environment standing committee. I think the hon. member should give his head a shake. We have invested $9.1 billion in the emissions reduction plan. I know that many of his colleagues in Alberta are very supportive of our plans. The oil patch has embraced net zero by 2050. It is working closely with us. We will be capping oil and gas emissions, working with the oil patch. We are investing in carbon capture, which I know the hon. member supports. The clean technology market is worth $2.5 trillion. It will be worth $80 billion in Canada in just a few years. We have to get on that train. Unfortunately, the hon. member will be left at the stop.

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Context: House Hansard - 127 - Nov/15/22

Mr. Terry Duguid

Nov/15/22 12:13:44 p.m.
Watch
Re: Bill C-32

Mr. Speaker, we know the Arctic is warming at three times the rate of the global average, so climate change is up close and personal. We are challenging oil and gas companies to step up and to invest in the clean economy. They have committed to net zero by 2050, but we need to accelerate the pace and get there sooner.

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Context: House Hansard - 127 - Nov/15/22

Ms. Julie Dzerowicz

Nov/15/22 12:23:24 p.m.
Watch
Re: Bill C-32

Mr. Speaker, I have lots more to say, but I know I only have less than three minutes left. The next thing I want to point out in the fall economic statement is because the residents of Davenport are very passionate climate activists. They really feel very strongly that we need to move as aggressively and urgently as possible toward meeting our net zero by 2050 targets, so the fact that there are some measures in the fall economic statement that will accelerate decarbonizing our economy and meeting our climate change goals, I think, is welcome news to them. We were all alarmed when we heard the Secretary-General of the UN, Antonio Guterres, say this: And the clock is ticking. We are in the fight of our lives. And we are losing. Greenhouse gas emissions keep growing. Global temperatures keep rising. And our planet is fast approaching tipping points that will make climate chaos irreversible. It is incumbent on all of us to take as many measures as possible, so I am pleased to say that the fall economic statement proposes major investment tax credits for clean technology and clean hydrogen, which will make it more attractive for businesses in Canada to invest in technology and to produce the energy that will help to power a net-zero global economy. The fall economic statement 2022 proposes a refundable tax credit equal to 30% of the capital cost of investments in the following: electricity generation systems, stationary electricity storage systems, low-carbon heat equipment, industrial zero-emission vehicles and related charging or refuelling equipment, among other things. I want to note that the Department of Finance is going to consult on additional eligible technologies. We, of course, are introducing these measures not only because we want to meet our net-zero target by 2050, but also in response to the adoption of the inflation reduction act in the United States, to ensure that we remain competitive in both the current and the future economy. Given the fact that I have only less than a minute left, I will mention two other small measures, but I think they are significant ones that are going to be helpful to individuals, to all Canadians across the country. The first is the elimination of interest on Canada student loans and Canada apprenticeship loans. Anything we can do to help students start their lives without debt or with as minimal debt as possible is going to be helpful. The second is the new, quarterly Canada workers benefit, which is $4 billion over six years. We are going to be issuing that Canada workers benefit quarterly, which will be helpful and put money into the pockets of low-income Canadians sooner rather than later. I am thankful for the opportunity to speak to the fall economic statement on behalf of the residents of Davenport. I would urge my colleagues on the other side to support this bill as expeditiously as possible.

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