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Decentralized Democracy

House Hansard - 55

44th Parl. 1st Sess.
April 7, 2022 10:00AM
  • Apr/7/22 2:37:10 p.m.
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Mr. Speaker, the world agrees that carbon capture storage is key to decarbonizing our fossil fuels, which the world will need for decades. Enhanced oil recovery produces low-carbon oil and is better for the environment. The Minister of Natural Resources claimed on the international stage that Canada will introduce a tax credit like the American 45Q. Guess what. The 45Q includes enhanced oil recovery but, when in Canada, he says that EOR will not be included. Can the minister tell Canadians today what his actual position is on carbon capture?
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  • Apr/7/22 2:38:19 p.m.
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Mr. Speaker, Canada was once the world leader in carbon capture technology. We lost our position to the United States because the investments went where it made economic sense. Technology will always follow the opportunities. A carbon capture tax credit without EOR is simply words on paper, which will not produce what the world is demanding, lower-carbon Canadian resources. Will the minister live up to his international commitment and advance carbon capture EOR, or will he just sit back and let the Americans continue to eat our lunch?
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  • Apr/7/22 4:44:34 p.m.
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Mr. Speaker, the minister has heard from hundreds of experts who have told her that carbon capture, utilization and storage is “neither economically sound nor proven at scale, with a terrible track record and limited potential to deliver significant, cost-effective emissions reductions”, yet despite the IPCC just releasing another damning report about the state of the climate crisis, carbon capture and storage is the cornerstone of the climate efforts in the budget. Does the minister recognize that the over two and a half billion dollars they have allocated for carbon capture and storage is a missed opportunity to build national renewable energy projects, like a western power grid that could put people to work and actually help us create new renewable sources of energy in Canada? This is something we absolutely have to do if we are going to electrify our economy and lower greenhouse gas emissions.
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