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House Hansard - 296

44th Parl. 1st Sess.
April 9, 2024 10:00AM
  • Apr/9/24 11:38:46 a.m.
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Mr. Speaker, the nice thing about the permit exchange system is that we are able to meet our targets while still acknowledging the facts. I do. It is a reality. Some big companies produce and pollute, and it is hard for them to find alternative technology in the very short term. Those companies may end up polluting elsewhere. They are given certain exemptions for a period of time, while they find these technologies. Meanwhile, we will continue to put a cap on overall emissions levels. However, these exemptions need to be removed. That is what the European Union is going to do, and I agree with that. Most permit exchange regimes will replace exemptions with border offsets that will cost Canadian industries dearly. Yes, exemptions must be phased out at a time when emissions are being reduced.
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