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House Hansard - 52

44th Parl. 1st Sess.
April 4, 2022 11:00AM
  • Apr/4/22 2:58:18 p.m.
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Mr. Speaker, climate change is the greatest long-term threat to our country. It is an existential threat, yet we know that a market mechanism, and an important mechanism, is carbon capture, use and storage. Important investments were made in budget 2021. We have put on the floor of the House the emissions reductions plan. It is an ambitious plan. It is an important plan, and we will continue to work with industry and all stakeholders to make sure that we get to where we need to be to save the planet and have good, long-paying jobs across the country.
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  • Apr/4/22 2:59:25 p.m.
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Mr. Speaker, to fight climate change, we need all available technologies, and that is exactly what our approach has been so far. In budget 2021, we committed to put in place a tax incentive for carbon capture and storage, which is in fact featured in today's IPCC report as a technology we absolutely need to tackle climate change. We should not put all our eggs in that basket. It is part of our plan. Five per cent of our plan rests on carbon capture and storage, but we need to invest in transit. We need to invest in solar, in wind and in electrification. By doing all these things, we will get to our target.
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