Hon. Yonah Martin (Deputy Leader of the Opposition): Minister, oil and gas industry proponents have been asking for a 75% investment tax credit from the federal government in order to spur investment in carbon capture and storage technologies, which would reduce upfront capital costs involved in constructing this critical technology. However, your government’s announcement fell short, promising only a 50% tax credit. Many in the industry have stated that the size of the credit means that many of these planned projects will not go forward.

Minister, given the impact this technology could have on emissions reduction, does it concern you that many of these projects may now not go ahead?

Hon. Yonah Martin (Deputy Leader of the Opposition): According to your mandate letter from the Prime Minister, you must contribute to the development of infrastructure, “in line with the Government’s broader infrastructure strategy.” One goal of your government’s infrastructure strategy is:

Support major nation-building projects that will benefit people across various regions, connect our country and improve quality of life, including the Newfoundland-Labrador fixed transportation link.

Minister, could you tell Canadians and, in particular, the people of Newfoundland and Labrador, where this project is? Do you have any idea of the level of expenses involved in this project and how much the federal government will be called upon to finance it?