House Hansard - 65

44th Parl. 1st Sess.

May 5, 2022 10:00AM

May/5/22 11:36:33 a.m.
Watch
Re: Bill C-19

Mr. Speaker, I will carry on right where I left off, which is talking about how I think it is extremely important, as it relates to health care, that this budget makes clear that we will be working with provinces and territories on foreign credentialing. I know there have been a number of examples in my home province of Nova Scotia, where there are individuals who have come to our province, who want to be able to practise in their particular field of health and have not been able to do so. Yes, we have to work with provinces and territories and colleges to balance public trust in our system, but also to make sure that this process can be expedited, such that if there are people who want to help practise and help support our health care system, they are taken care of. I also want to talk about tax credits. We had tax credits for CCUS, which is carbon capture, utilization and storage. What I would say to the House is that in 2050, there undoubtedly will still be an oil and gas sector in the global context, but estimates by the International Energy Agency suggest that the number of barrels per day will go from about 100 million down to around about 25 million, give or take. I think we all, as parliamentarians and indeed as a country, have an important reflection to make when it comes to whether Canada is going to be a part of that market, the 25 million barrels of oil a day. I, for one, as a parliamentarian, feel that yes, we have a responsibility, but in a carbon-constrained world in which there is going to be less demand on that side, we have to make sure that our GHG intensity per barrel is as low as possible. We took some criticism in the House on our decision on Bay du Nord, but that project was approved because it has some of the lowest emission intensity per barrel of oil in the world. We have to make sure that if we are going to be working with industry to reduce emissions in order to be able to meet our emission reduction targets, we also have to be positioning the sector to be the lowest-emitting oil and gas sector in the world, such that our products can continue to be competitive in the days ahead. I tip my cap, then, to the government on the CCUS tax credit. Critical minerals, if we are going to be able to get to our climate targets, are going to play an extremely important role, from batteries in EV vehicles to potash to a whole host of different minerals that play a role in that. Canada has so much potential, and the fact that we had $3.8 billion toward the development of a critical mineral strategy is a really extremely important piece, as is the 30% tax credit for exploration in the country. I think we have a tremendous opportunity on a global stage to be there and to make sure we have a role. I was in Saskatchewan, as I have mentioned. I sat down with the Saskatchewan Mining Association, along with our Minister of Natural Resources. They pointed to this as being extremely important. The last thing I will say is on the importance in the budget of economic growth, which the Minister of Finance made very clear in the budget document. The budget implementation act talks about a number of the measures that are important in that domain. I fully support that from where I sit here in the House, particularly the Canada Growth Fund, the recognition that we need to continue to drive innovation; 15 billion dollars' worth of capitalization; the innovation and investment agency, which is focused on attracting foreign capital to the country to drive the future economy and our future prosperity; and, finally, more money for the superclusters. In our neck of the woods, in Atlantic Canada, the ocean superclusters do tremendous work. These are all really important initiatives. I also want to emphasize the importance of reducing interprovincial trade barriers and harmonizing certification between provinces and territories to improve labour mobility. A recent Senate report noted that our economy's GDP could grow between 2% and 4% if we focused on this area. World-class wine production is a growing sector in my riding of Kings—Hants. However, in many cases it is easier for these producers to export to Europe than to other provinces, so I was pleased that the budget mentioned working on this with the provinces and territories.

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House Hansard - 65