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House Hansard - 172

44th Parl. 1st Sess.
March 23, 2023 10:00AM
Context: House Hansard - 172 - Mar/23/23
Mr. Mark Gerretsen
  • Mar/23/23 12:34:01 p.m.
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Mr. Speaker, it certainly is economically viable. It is to the point where there is a company in my constituency called Li-Cycle that is building a new facility 10 times the size of its existing facility. It is clearly something that is economical, because this is going to be a booming industry. The reality, and this is what I was trying to say in my speech, is that, when we talk about fossil fuels to run vehicles, we are extracting fossil fuel from the ground and we are burning it. When we are done burning it, it is pollution in the air and that is the end of the story. We then extract more. With electric vehicles, we are seeing this new company. It is just at the beginning of the technology, and it is already able to recycle 97% of the battery. It is taking the battery, ripping it down to its core elements and then giving it to the battery manufacturing plants, which are building brand new batteries out of it. Although lithium needs to be mined originally, every time after, that same lithium can go on to serve many vehicles as the recycling process gives the opportunity and the ingredients to make new batteries.
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