44th Parl. 1st Sess.
May 5, 2022 10:00AM
Mr. Speaker, I thank the member for Kings—Hants for his speech. He is a member that I have a great amount of respect for.
That being said, when the member mentioned a tip of the cap to carbon capture and storage, we need to be honest: If we want even a 50% chance of staying below 1.5°C and ensuring a livable planet, we need to do our fair share. That means, as scientists have told us, that we need to leave 86% of Canada's proven fossil fuel reserves unextracted. To do so means investing in workers.
I wonder if the member would be open to commenting on the importance of the implications of taking that same $7.1 billion, in a new subsidy, and instead investing that in workers and a just transition for them.
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Madam Speaker, because of the noise I did not hear the entire question, but I think the member was getting at oil subsidies versus renewable subsidies. The problem with talking about oil subsidies, which is unfortunately what the members of the NDP do quite a bit, is that they build into the subsidies the money that is to go toward dealing with orphaned wells.
There are a lot of orphaned wells out there, which the federal government has chosen to take a part in solving the long-term implications of, and I believe it is very important for it to do that. However, if we are going to lump that in as part of a subsidy, then I would suggest it is more about making sure we deliver on our commitment to the environment.
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