SoVote

Right Hon. Justin Trudeau (Prime Minister, Lib.)

Feb/8/23 2:56:31 p.m.
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Mr. Speaker, the price on pollution that we brought in delivers, as well, a carbon incentive, a climate action rebate that gives more money back to average families than they pay, in the areas that have the carbon tax federal backstop applied. These are things that are facts, that the Conservatives continue to deny. On top of that, Conservatives continue to pretend that we can have a plan for the future of the economy without having a plan to fight climate change, which is simply wrong. We will be there to fight climate change and support Canadians.

97 words

Context: House Hansard - 156 - Feb/8/23

Mrs. Élisabeth Brière (Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health, Lib.)

Feb/8/23 7:57:10 p.m.
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Mr. Speaker, we know two things. We know that energy profits are at record levels, and we know that emissions have to come down. We are investing $9.1 billion in an emissions reduction plan. We have put our money on the table. Oil and gas companies have to come to the plate. They have to put their shoulder to the wheel. They have to work with us to get those emissions down and to realize the ambitious targets we have set for our emissions reduction plan. Our government understands that Canada is facing an increasing number of extreme events, such as floods, hurricanes and forest fires. Our climate is changing and it is necessary to take strong action now to make our future greener. Now, more than ever, climate action is an economic necessity. The reality is that this government is taking meaningful actions to fight pollution and promote cleaner air for everyone. I know the member for Victoria also believes in the importance of fighting climate change and I hope that she supports our efforts. For example, we established a national minimum price on carbon pollution across Canada in 2019. Not only is it no longer free to pollute, it is more and more expensive to do so. Our approach is working. We are encouraging industries to become more efficient and use cleaner technologies. In doing so, we are encouraging the development of innovative new approaches to reducing greenhouse gas emissions and using energy more efficiently. That being said, we also know that we need to work with the industry on decarbonization measures. Our government is also committed to phasing out or rationalizing inefficient fossil fuel subsidies that give fossil fuels an unfair advantage over clean air solutions. We have accelerated the previous timeline for doing so from 2025 to this year. In budget 2022, the government committed to eliminating the flow-through share regime for fossil fuel activities. This will be done by no longer allowing expenditures related to oil, gas and coal exploration and development to be renounced to flow-through share investors for flow-through share agreements entered into after March 31, 2023. That is less than two months away. I am also proud of our government's work on carbon capture, utilization and storage, or CCUS. It is an important tool for reducing emissions in high-emitting sectors, especially if other pathways to reduce emissions are limited or even unavailable. It uses advanced technologies to capture carbon dioxide emissions from fuel combustion, industrial processes or directly from the air. The captured carbon can then be stored deep underground or used to create new, innovative products. In last year's budget, we announced a refundable investment tax credit for businesses that incur eligible expenses. This tool will be available to CCUS projects to the extent that they permanently store captured CO2 through an eligible use. From 2022 through 2030, the investment tax credit rates will be set at 60% for investment in equipment to capture CO2 in direct air capture projects, 50% for investment in equipment to capture CO2 in all other CCUS projects, and 37.5% for investment in equipment for transportation, storage and use. To encourage industry to act quickly to reduce emissions, these rates will be reduced by 50% starting in 2031.

550 words

Context: House Hansard - 156 - Feb/8/23

Mrs. Élisabeth Brière

Feb/8/23 8:02:08 p.m.
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Mr. Speaker, our government is taking meaningful actions to fight pollution and make Canada's future greener. Our government understands that climate action is now an economic necessity and Canadians can count on us to continue the work. For example, Canada is taking significant steps toward reducing our emissions by 40% to 45% below 2005 levels by 2030, and reaching net zero by 2050. Last fall at COP27 in Egypt, Canadian representatives also fought hard to prevent other countries from backing down on phasing out subsidies for fossil fuels and coal, which remain the largest sources of CO2 emissions. We are also on track to eliminate coal-fired power here in Canada by 2030. In the months ahead, as we prepare for the 2023 budget, Canadians can count on this government to continue to work hard to build an economy that works for everyone, to create good jobs and to make life more affordable.

154 words