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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 10:08:43 p.m.
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Madam Chair, as I said a few minutes ago, generally, we agree with the Bloc when it comes to the need to take action to fight climate change. We may not agree on the use of nuclear technology and obviously we do not agree on carbon capture. We think it is a very important technology that offers a lot of possibilities in Canada thanks to our geological formations. There is a lot of interest from investors. It is a good thing for Canada.
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Ms. Monique Pauzé
  • May/29/23 10:09:25 p.m.
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Madam Chair, indeed, we do not agree on carbon capture and storage. This technology has a poor record. For example, the Shell Quest facility produced more greenhouse gas emissions than it captured with its technology. Around the world, of the 149 projects to be storing carbon by 2020, 100 were cancelled or placed on indefinite hold. Even in the United States, most government incentives were withdrawn. I would like to know if the minister can tell us what is the secret. Why would this technology magically work in Canada when it does not work anywhere else?
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Hon. Chrystia Freeland
  • May/29/23 10:10:07 p.m.
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Madam Chair, it is unfortunate but I do not agree with what my hon. colleague said. I believe that it really is a technology that has a lot of possibilities, not just for Canada, but also for the United States and other countries. The reality is that Canada has created an investment credit. It will be up to the private sector to make the additional investments. The sector—
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The Deputy Chair
  • May/29/23 10:10:41 p.m.
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The hon. member for Repentigny.
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Ms. Monique Pauzé
  • May/29/23 10:10:43 p.m.
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Madam Chair, in 2022, oil companies made $38 billion in combined profits. I think they have the money they need. If they believe in this technology, then they should be using their profits to pay for it. I am going to ask some questions about Trans Mountain. This morning, the Prime Minister received a letter signed by over 95 organizations calling on the Government of Canada to finalize its assessment framework for fossil fuel subsidies using the WTO's definition. They specified that loan guarantees are subsidies. In February 2022, the minister said that no additional public money would be invested in Trans Mountain. However, three months later, she gave Trans Mountain a $10-billion loan guarantee. What happened in those three months to make her change her mind?
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