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Decentralized Democracy

House Hansard - 92

44th Parl. 1st Sess.
June 20, 2022 11:00AM
Context: House Hansard - 92 - Jun/20/22
Mr. Mike Morrice (Kitchener Centre, GP)
Madam Speaker, it is an honour to stand this morning in support of Bill C-245, an act to amend the Canada Infrastructure Bank Act. It is important to note that it was just over three years ago when parliamentarians in the chamber admitted that we are in a climate emergency. If it is an emergency, then we should probably act like it is one. In fact, that is what international climate scientists called for in their most recent report from April. The co-chair of an IPCC working group said, “It's now or never, if we want to limit warming to 1.5°C”. That is the internationally agreed upon maximum to ensure that we are taking action at the pace that science tells us is required. One way to do that is to take existing Crown corporations and direct their resources toward solving the climate crisis we are in. That is why I support Bill C-245, along with the member for Saanich—Gulf Islands, and that is why I really appreciate the member for Churchill—Keewatinook Aski bringing this legislation forward as her private member's bill. The bill recognizes that communities are at the forefront of the climate crisis and, as such, it would shift the priorities of the Canada Infrastructure Bank to be explicit about supporting climate adaption and mitigation efforts. The bill would do this in three ways: one would be to remove the parts of the Infrastructure Bank's mandate that allow it to seek out private investments; two would be to increase the transparency of the bank by requiring regular reporting to Parliament; and three would be to ensure that first nations, Inuit and Métis communities have a seat at the table on the board. As it stands today, the Canada Infrastructure Bank was established back in 2017 as arm's length from government, with a budget of $35 billion. What an opportunity that is. Last year, the Parliamentary Budget Officer reported that it would not even spend half of that amount over the next 11 years. What a wonderful way to activate those funds if we are going to follow through. As other speakers have mentioned, communities across the country are calling out for more. Municipalities are taking a leadership role, and Waterloo region is one example of that, but if communities across the country are going to follow through at the pace that science requires, they are going to need the federal government to step up. I recognize that the Canada Infrastructure Bank, as it stands today, requires projects to generate revenue, meaning they have to charge public user fees or tolls, directly or indirectly, to meet the needs of private investors. Instead, if approved, this bill would redirect those tens of billions of dollars toward the infrastructure projects we need, whether it is helping communities move off of diesel or moving to high-speech rail, the list goes on and on. One person I respect on this topic is Seth Klein. He has said that we should think about urgency of the climate crisis the same way that we might have thought in the past about wartime efforts. I would like to share a quote from Mr. Klein, who said, “But in response to the climate emergency, we have seen nothing of this sort. In contrast to C.D. Howe’s wartime creations, the [Liberal] government has established two new Crown corporations during its time in office — the Canada Infrastructure Bank (a vehicle for privatizing infrastructure that has thus far accomplished very little), and the Trans Mountain Corporation (an ill-advised decision that makes all Canadians the owners of a 60-year-old oil pipeline). If our government really saw the climate emergency as an emergency, it would quickly conduct an inventory of our conversion needs to determine how many heat pumps, solar arrays, wind farms, electric buses, etc. we will need to electrify virtually everything and end our reliance on fossil fuels. Then, it would establish a new generation of Crown corporations to ensure those items are manufactured and deployed at the requisite scale.” I invite members to think of the jobs we could create in this transition, and they would be good, unionized, well-paying jobs to transition our economy to that of the future. When I reflect on Mr. Klein's words and look at what is in this bill, that is what excites me about this. Bill C-245 would be one step along a long journey, not only aligned with Mr. Klein's vision, but also with that of climate scientists, who are telling us that this is required and that action is not in eight years. It is certainly not thinking about net zero by 2050. The action is required now, and there are bills before the House, such as Bill C-245, which would equip us to do it. That is the most important thing. It is not what one party or another is bickering about with each other. It is not about partisanship at all. Future generations will judge us and what we did in this chamber, and whether we collectively acted at the pace scientists tell us is required, rather than giving billions of dollars in new subsidies to fossil fuels, and invested it in the infrastructure we needed. The bill is one we should all embrace, and I am proud to support it.
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