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House Hansard - 310

44th Parl. 1st Sess.
May 7, 2024 10:00AM
  • May/7/24 1:08:28 p.m.
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Madam Speaker, my colleague's question was well stated. The issue with climate change and the issue with energy in Canada is that we need all kinds of energy. The energy sector is projected to grow by 160%, as far as the energy that Canadians are going to consume goes. We are going to need all forms: renewable energy, geothermal, solar and wind. However, we are going to need to continue to have that base load of hydro, nuclear and oil and gas in order to make our economy function and to make sure that Canadians have the basics of life that are required. It is the backbone—
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  • May/7/24 4:05:30 p.m.
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Madam Speaker, I know my friend across the way is a strong advocate for sustainable finance. A few days ago, reporter John Woodside of the National Observer tweeted, “An open-secret on the hill right now is that a key climate policy - the sustainable finance taxonomy - has been long delayed because of a feud between experts and [the Minister of Finance's] office. She wants fossil fuels included, experts want a credible taxonomy.” Can the member confirm this rumour, and if so, can he explain to the House why the Minister of Finance is standing in the way of credible climate policy?
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  • May/7/24 4:06:14 p.m.
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Madam Speaker, I have great respect for the member opposite and have worked with him on sustainable finance. I believe in a climate-aligned financial system. That is what our government has committed to. I mentioned many measures in my speech. There are many more to come. The Sustainable Finance Action Council did exceptional work on developing a green transition taxonomy. Our government has clearly committed, both in this budget and in the fall economic statement, to assessing options and moving forward. I expect next steps will be forthcoming.
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  • May/7/24 7:21:27 p.m.
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Mr. Speaker, by taking the lead on climate action, Canada can become a leader on many of the new technologies the world will need to adopt on a massive scale to fight climate change, unlocking economic growth and important trade opportunities. We are seeing these opportunities already, for example, the announcement last summer of a new $1.5-billion battery component plant in Ontario that will create hundreds of jobs. The new, cleaner sources of energy we have developed and are putting in place have many other benefits, such as reducing other types of air pollution from burning fossil fuels that can cause asthma and damage ecosystems.
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