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House Hansard - 310

44th Parl. 1st Sess.
May 7, 2024 10:00AM
Mr. Speaker, I have the honour to present, in both official languages, the 11th report of the Standing Committee on Environment and Sustainable Development in relation to Bill C‑317, An Act to establish a national strategy respecting flood and drought forecasting. The committee has studied the bill and has decided to report the bill back to the House with amendments.
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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 6:58:15 p.m.
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  • Re: Bill C-59 
Mr. Speaker, there is a common misconception about carbon pollution pricing. It is not a tax. It is a measure recognized as one of the lowest cost and most effective ways of reducing greenhouse gases, and therefore, of tackling the adverse impacts of climate change, which are very real. It is also a measure that the government has designed to make life more affordable for Canadians. Natural disasters are on the rise due to climate change, and we are all suffering the effects and the costs too. Last summer, forest fires forced tens of thousands of Canadians to evacuate their homes. There were also droughts in the Prairies, where the hon. member is from. There were intense hurricanes on the east coast, extreme flooding on the west coast, and melting permafrost in the north. What does that mean? It means we all need to accelerate climate action. Carbon pricing is core to serious climate action. It provides an incentive to innovate and reduce emissions, while allowing businesses and households to decide for themselves how best to reduce emissions. Carbon pricing is not about raising revenues. All proceeds from carbon pricing are returned to the jurisdiction they were collected from. The Canada carbon rebate, the CCR, returns fuel charge proceeds to Canadian residents through direct deposit or cheque every three months. Eight out of 10 households receive more money back through the CCR than they pay toward the fuel charge. Residents of these provinces living in small and rural communities also receive a rural top-up, which the government, under Bill C-59, is proposing to double from 10% of the base amount to 20%. The system actually leaves most families, especially low- and middle-income ones, better off financially. Carbon pricing is a fair system that does leave more money in the pockets of Canadian workers, and that makes life more affordable for lower-income families. The benefits go way beyond that. It is a tool to help us create healthier communities and usher in clean growth and a more sustainable future for our children and our children's children.
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