SoVote

Decentralized Democracy

House Hansard - 291

44th Parl. 1st Sess.
March 19, 2024 10:00AM
Context: House Hansard - 291 - Mar/19/24
Mr. Gord Johns (Courtenay—Alberni, NDP)
  • Mar/19/24 1:10:32 p.m.
  • Watch
Madam Speaker, I think we need to talk about going well beyond subsidies. We know that in Great Britain they had an excess profit tax on oil and gas; that is the Conservatives in Britain. We cannot even get Liberals to do that. Right now, the Liberals have ended the Canada greener homes loan program. I have constituents who want to access that program. I have contractors saying they are going to have to lay people because they were employing people and were supporting Canadians who wanted to do the right thing. My questions to my colleague are these: Will they charge an excess profit tax on oil and gas? Will they not just fund the greener homes loan program but also actually provide it with the necessary resources to make it through a full budget cycle so that all Canadians can access it?
144 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 291 - Mar/19/24
Mr. Gord Johns (Courtenay—Alberni, NDP)
  • Mar/19/24 1:55:34 p.m.
  • Watch
Madam Speaker, in June I asked the Parliamentary Budget Officer what would happen if we did away with the carbon tax and went toward subsidies and regulations, or what would happen if we did nothing. The U.S. has made it clear there would be a border carbon adjustment, and I asked what the impact would be on those eight in 10 Canadians. He said that it depends exactly what is done in place of the carbon tax, but if we just speak about a carbon adjustment at the U.S. border, that would probably lead to an economic slowdown in Canada and it would be significant, depending on the adjustment, of course. However, he said it was not unthinkable that this could lead to negative impacts on sectors that are more energy-intensive. He said it would drive up inflation in the U.S., and that in Canada it would probably have the opposite effect and act as a depressor on economic activity and on prices. It would be the opposite effect, which is not much better. This is what he cited. In fact, one could say it is worse because it would depress economic activity. My colleague ran on a price on pollution. As my colleague knows, I am always trying to work on solutions. What are Conservatives proposing in place of a carbon tax to ensure that Canadians do not get the impact of a carbon adjustment at the border with the U.S., the U.K. and the EU?
253 words
  • Hear!
  • Rabble!
  • star_border