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Decentralized Democracy

House Hansard - 295

44th Parl. 1st Sess.
April 8, 2024 11:00AM
  • Apr/8/24 7:47:00 p.m.
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Mr. Chair, there is a fairly simple solution to support forestry companies. It was actually people in the forestry sector who came up with this solution. They have to be given access to liquidity. To get through the current crisis, with its tariffs that are totally unfair, what people in the forestry sector are telling us is that they need access to liquidity so they can invest in their infrastructure. Would my colleague agree that a federal program is needed to give forestry companies access to liquidity?
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  • Apr/8/24 8:22:20 p.m.
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Mr. Chair, absolutely, there are plenty of opportunities. There are also success stories. One example is Chantiers Chibougamau, which will provide the beams and infrastructure for all the buildings at the Paris Olympic Games. These examples exist, but unfortunately, the main problem is that the entire forestry processing sector cannot get any support from the federal government, even though this sector could have a considerable influence on our greenhouse gas emissions. I would simply point out that $2.5 billion has been invested in carbon capture and storage strategies. Now the big companies are pulling out of these projects because, ultimately, they are doomed to fail. That is where our money is going.
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