44th Parl. 1st Sess.
May 31, 2022 10:00AM
Madam Speaker, first I want to thank the member for Winnipeg South Centre for choosing to table a bill focusing on building a low-carbon economy. This bill would require the Minister of Industry to consult about, prepare a plan for, and report on a strategy to create a green economy on the prairies. While this bill is a welcome step in the right direction, ultimately we need bolder, more concrete action if we are to truly meet the urgency and scale of the climate crisis.
My New Democrat colleagues and I support efforts to better coordinate climate action, but we expect the government to move ahead on more concrete initiatives and far sooner than the timeline proposed in this bill. The climate emergency is here now, and Canadians need their government to take real action to reduce emissions and support workers in the transition. From coast to coast to coast, we have seen the impacts of the climate crisis: devastating floods, wildfires and record-breaking heat waves. Canadians cannot afford any more delays.
I think of the work of Seth Klein, who reminds us that we need to move at a speed and scale not seen since the Second World War. The Climate Emergency Unit reminds us that we mobilized then and we can mobilize now, sound the alarm, jump-start the needed transition and transform our economy to tackle the greatest existential crisis of our time.
For every sector of society, every level of government and every one of us, this is about protecting our communities. It is about protecting our future. It is about protecting everything we hold dear. This is our opportunity to meet the biggest challenge of our time, and it is now or never.
While young people, the UN Secretary-General, our own environment commissioner and the world's top scientists are calling on us as elected officials to take real action, the unfortunate truth is that the Liberal government continues to fail to answer this call. In the words of Seth Klein, “The uncomfortable conclusion is this: Canada’s approach to climate is a hot mess of incoherence and contradictions, and it is fundamentally at odds with what the IPCC demands of us.”
However, I do welcome Bill C-235 and any initiative that works to secure a green and prosperous future. I especially welcome the parts of the bill that push for identifying innovative public transport solutions for small cities and communities; the parts that push for fostering job creation and retraining for a zero-emission green economy in regions that rely on traditional energy industries; the parts that push for developing natural infrastructure projects and using new sources of clean energy; the parts that push for integrating clean energy into agriculture, forestry, manufacturing, transportation and tourism; the parts that push for establishing programs and projects that stimulate a green economy; and last but perhaps most important, the parts that push for infrastructure projects that facilitate tackling the climate crisis.
While I welcome this bill, it is important to note that the member who tabled it, as a Liberal MP and especially as a former minister in Trudeau's cabinet, is accountable and responsible for the situation—
An hon. member: The member referred to the Prime Minister by name.
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My apologies.
As a former minister in the Prime Minister's cabinet, he is responsible for the situation that we find ourselves in and for the Liberal government's inaction. There is a continued pattern of saying the right thing but doing the opposite, of talking about climate leadership while handing out billions to big oil and gas, of declaring a climate emergency while buying and building a pipeline, of promising to reduce emissions while approving Bay du Nord, of saying that they believe in climate change while ignoring the science.
What we need is a green new deal, a just transition for workers. What we need are massive investments in green infrastructure, in retrofits, in supports for workers, and we need a real plan with good family-sustaining jobs for the communities that are most impacted. While communities are paying the price for the government's inaction, the biggest polluters, the biggest oil and gas companies, continue to make record profits while collecting billions in fossil fuel subsidies. We need to stop giving our public money to the corporations that are fuelling the climate crisis. We need to redirect those funds into climate solutions now—not sometime down the road, not in a few years, but now. It is not about the environment versus the economy, not a trade-off between jobs and climate solutions. Climate solutions are job creators.
Unfortunately, when the Liberal government talks about balancing the economy and the environment, what it means is increasing oil and gas production while making promises about meeting the targets that it keeps missing. The climate crisis is here now. We are already seeing the impacts. We need to drastically reduce our emissions and we need action that aligns with limiting global warming to 1.5°C if we have any hope of avoiding the most catastrophic outcome.
Instead, the government continues to leave Canadians with an uncertain future and continues to fail workers, particularly those in the oil and gas sector. A green economy should mean good, sustainable jobs, not more boom-and-bust economies. It should be creating employment in the sectors that tackle the climate crisis, in the sectors that tackle the biodiversity crisis. It means cleaning up our environment and reducing our emissions, and doing it in a way that supports workers.
We need a well-managed and inclusive transition to a zero-carbon economy, and that transition must be in line with the needs of the communities most impacted. An inclusive transition means ensuring that first nations, Inuit and Métis people are not only at the table but supported in leading the conversation. We need a transition that addresses the needs of women, of racialized communities, of young people, of newcomers.
To quote Blue-Green Canada, “We must find solutions so our economy is just, green, inclusive and fair.” Denial is no longer possible. Delay is no longer an option. Canadians want ambitious action on the climate emergency. A climate-safe and more just future is possible; we just need a government with the political will to make it happen.
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Madam Speaker, it was with great interest that I read the bill introduced by our colleague from Winnipeg South Centre, which calls on the government to work with key stakeholders to develop an action plan to move the prairies toward a greener economy.
It may not be easy, but western Canada must move away from fossil fuels. Everyone acknowledges the pressing need for an energy transition away from oil, except perhaps some of our colleagues, who, unfortunately, have occasionally tried to take advantage of the crisis in Ukraine to promote Canadian oil and gas.
However, the challenge will be enormous, given the forces involved. The sponsor of this bill is well aware of this, having served as natural resources minister from 2015 to 2018. If the challenge is great, it is primarily because of the power and scale of the oil lobbies. Everyone is aware of this. These behemoths hoard talent and put pressure on wages and costs. They hinder the creation and growth of innovative SMEs, which are trying to develop sectors that would diversify the economy of this region.
The energy revolution is inevitable, however. It will happen. That is a fact, no matter what fantasies some people may still have about green oil. A total transformation of the existing framework requires support from all economic stakeholders, in both the political and financial sectors. Unfortunately, the financial sector is not currently making much of an effort or much progress. Many banks talk a good game, promising to move away from fossil fuels and commit to Ottawa's goal of net-zero emissions by 2050. That is the latest objective announced, and the plan is still in development.
However, investments in the oil industry jumped from $122 billion in 2016 to $160 billion in 2019. Investments did drop in 2020 as a result of the pandemic, but the five largest Canadian banks are still among the top 25 largest investors in fossil fuels—
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Madam Speaker, I apologize. I would also like to take a moment to sincerely apologize to the interpreters.
I was saying that the five largest Canadian banks are all still on the list of the world's top 25 investors in fossil fuels. Knowing that today's investments will be used to increase tomorrow's production, I will be polite and simply say that we are not exactly positioning ourselves to meet our environmental objectives.
We hear about carbon capture and storage, but these measures will have little effect on reducing emissions. These strategies will never replace a real shift to renewable energy. The strategy of “let's increase production, then we'll increase capture” is simply doomed to fail.
Remember that one of the objectives of the Paris Agreement, signed by Ottawa, is to use financial flows to promote the development of an economy that has low greenhouse gas emissions and is resilient to climate change. I encourage my government colleagues to finally adopt a policy to implement this objective, in case they have forgotten about it. It is Parliament's responsibility to send a clear signal and to support the green shift, which must be accelerated. Canada is asleep at the wheel, make no mistake about it.
In 2019, an expert panel, jointly created by the departments of Finance and the Environment, stated that this transition would not be possible without real change in financial models, and pointed in particular to the urgency of reorienting investments toward greener sectors. Instead of offering a real strategy to move away from oil, the government talks about supporting this industry into a low-emission future; in short, it wants to continue pumping oil while trying to do as little damage as possible. The time for such nonsense is over.
To meet the goals of the Paris Agreement, we need to immediately stop financing the development of new oil and gas projects. These are not my words, but those of the International Energy Agency, which cannot be accused of being ideologically anti-oil. We must urgently reorient these investments toward the sectors of the future. However, as I said before, to do that, stakeholders from all sectors must seriously do their part.
That is why the Bloc Québécois is pretty open to supporting Bill C‑235, currently before us, since several federal ministers would be required to work in partnership with the provinces and the private sector to bring in an action plan to develop a green and modern economy in the Prairies. This is a step in the right direction. As they are developing the action plan, I invite the ministers to consult the Bloc Québécois' proposals, where they might find the inspiration that they have quite clearly been lacking so far, unfortunately.
Getting back to the bill, it talks about transparency regarding climate risks. We need to leverage savings by making green RRSPs more tax efficient than RRSPs that include investments in fossil fuels, in order to free up a huge amount of capital to finance the green shift. Billions of dollars need to be freed up. Public funds will be a crucial aspect, but they will be insufficient. We absolutely must invite the financial sector to take up this challenge.
In the shift we are proposing, some see only costs, complications and bureaucracy. However, the economic benefits of a green transition are numerous, first of all by allowing the development of cutting-edge technologies and industries. As we know, Quebec is full of forward-thinking creators. The green transition will be lucrative. Investors will therefore have access to more dynamic and promising assets, rather than assets whose performance is condemned to plunge, as well as to a more stable financial sector.
We are certainly facing a huge task, but this is a historic opportunity to lead a strong and radical, but beneficial and incredibly motivating, transformation. Many of my colleagues here certainly claim that they entered politics to change the world. We have heard that many times. Now is the time to be on the side of the visionaries and agents of progress.
I will close by thanking the sponsor of this bill for trying to put a bit of pressure on his government. That takes courage. I assure him of our support in this matter. We will vote in favour of this bill, and we will co-operate with all initiatives and all attempts to facilitate the urgent and inevitable transition to renewable energy.
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- May/31/22 7:11:57 p.m.
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Madam Speaker, I thank my friend and hon. colleague from Saanich—Gulf Islands. I agree with her that the recent IPCC report is a stark reminder of the impact of climate change. As climate impacts intensify, it is only becoming more obvious that moving to a clean net-zero economy is critical to protecting the well-being of Canadians and communities and securing Canada's economic future.
At COP26, Canada announced that it would take additional action to significantly reduce GHG emissions from the oil and gas sector by setting emission caps. At COP26, Canada also joined over 100 countries in signing the global methane pledge to reduce global anthropogenic methane emissions by 30% by 2030. Canada will lead the way on oil and gas methane by going beyond our current target of 40% to 45% reduction by 2025 to reduce emissions by 75% by 2030.
As countries and businesses around the world move rapidly toward net-zero emissions, more ambition is needed today to ensure that Canada is not left behind and can secure a foothold in the low-carbon future.
In 2021, as the hon. member knows, the Canadian Net-Zero Emissions Accountability Act became law. The act enshrines Canada's commitment to achieve net-zero emissions by 2050, establishes Canada's 2030 target as the first key milestone for this path and ensures a transparent and accountable process in meeting our climate objectives.
The 2030 emissions reduction plan, or the ERP, was established on March 29 and is the first of many to come under the act. The ERP is about more than achieving incremental GHG emission reductions to reach Canada's 2030 target; it is also about putting in place foundational measures to ensure that Canada's future not only is carbon-neutral, but makes energy alternatives more affordable and creates new, sustainable job opportunities for workers. The ERP includes a suite of new mitigation measures and strategies, building on the foundation set by the pan-Canadian framework and the 2020 strengthened climate plan and considering the best available science, indigenous knowledge and the advice of the net-zero advisory body.
Achieving Canada's climate objectives will be a whole-of-economy and whole-of-society effort. Every economic sector has a role to play and a responsibility to reduce emissions, but the pathway to achieving emission reductions will look different for each. The 2030 ERP takes into account this reality, sets out guideposts for each sector to further reduce emissions, and highlights the measures and strategies toward emission reductions of 40% below 2005 levels.
Finally, the hon. member will know that the emissions reduction plan includes $9.1 billion of new federal investments, on top of the $100 billion that has already been invested since 2015, very important investments indeed in climate action.
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- May/31/22 7:15:43 p.m.
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Madam Speaker, with one minute left, let me be very clear with my friend, the parliamentary secretary. Net zero by 2050 is fraud. Net zero by 2050 is fraud in the absence of the targets I mentioned earlier: peaking well before 2025, dropping in half by 2030, not adding, only subtracting.
Approving Bay du Nord is adding. Building the TMX pipeline is adding. Having an emissions reduction plan that says that by 2030 Canada's production of oil and gas will go up by 21% is adding. What is it adding? It is adding to the almost certainty that my grandchildren will not be on a livable world because too many people thought it was too hard to do what must be done. I will not give up on the government doing the right thing, because the Liberals must know better. They must know better than what they are doing.
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- May/31/22 7:16:42 p.m.
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Madam Speaker, with respect, we are subtracting by investing in nature and natural climate solutions to deliver additional emission reductions and making significant new investments to support a sustainable future for Canadian farmers. Further, the Government of Canada is driving down carbon pollution from the oil and gas sector with an emissions cap. Following consultations, the cap will be designed to lower emissions at a pace and scale needed to achieve net zero by 2050 and put Canada in a position to achieve Canada's climate goals and seize new economic opportunities.
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