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House Hansard - 278

44th Parl. 1st Sess.
February 8, 2024 10:00AM
  • Feb/8/24 6:17:18 p.m.
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Mr. Speaker, I will return the compliment and say I find the member to be quite a reasonable individual, too. When it comes to our energy future, I would refer the member to the recent report of the International Energy Agency, which stated that global demand for oil and gas will continue in some form for decades, but overall demand for oil and gas will peak in this decade. At the same time, the deployment rate of renewables and uptake of electric vehicles are soaring. To the member's original question, the Prime Minister responded by affirming that Canada will continue to push forward to meet our net-zero targets, including our commitment at COP28 to lower the production emissions and consumption of fossil fuels over the coming decades. Part of that includes the proposed cap on oil and gas sector pollution in December. It was another step in our commitment to creating pollution caps on emissions that are both ambitious and achievable. The emissions cap is one that will ensure that the economic well-being of Alberta's energy sector does not come at the expense of our environment, by incentivizing investments in decarbonization, technological innovation and efficiency. Canada is the first major oil- and gas-producing country in the world to have done this. Allow me to quote Dr. Robb Barnes from the Canadian Association of Physicians for the Environment, who said, “This announcement marks a significant turning point. Canada is the first major fossil fuel-producing country to commit to capping emissions from oil and gas production. We recognize the Canadian government's leadership on this and urge other countries to follow.” In addition to the cap on emissions from this sector, we are also supporting energy producers in driving down methane emissions by at least 75% through world-leading environmental standards. Despite fearmongering from the Conservatives in this House, 12 major companies said that, thanks to this regulation, they would nearly eliminate methane emissions by 2030. That is incredibly encouraging news for the climate and for the workers in these competitive industries. We know that the responsible path forward is to invest in decarbonization and clean energy development to ensure that workers have a bright future and communities have clean air. Meanwhile, the Conservative Party's plan is to let the planet burn. Their plan is to axe environmental protections, axe job-creating projects and put moratoriums on renewable energy projects, as they have already done in Alberta and are trying to do in Atlantic Canada. While the Conservatives block vital legislation like the sustainable jobs act and our offshore wind bill, Bill C-49, Liberals are working hard to ensure that communities across this country benefit from the opportunities presented by a low-carbon future. The Liberal plan has delivered over $200 billion of investment into clean energy and the clean economy, helping to create thousands of sustainable jobs for workers today and in future generations.
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