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House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
  • Nov/1/22 2:28:32 p.m.
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Mr. Speaker, on the weekend, the Minister of the Environment begged the oil companies that are making record profits to invest in renewable energy. Instead of begging, the government should stop throwing billions of dollars in public money at the oil industry. According to a report, except for Japan, Canada leads the G20 in financing oil companies. The Liberals promised to end these subsidies by 2023. That is in two months. Is there a contingency plan for ending these subsidies, or was it all just talk?
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  • Nov/1/22 2:29:08 p.m.
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Mr. Speaker, as we have always said, we will be phasing out inefficient fossil fuel subsidies by the end of 2023. That is something we promised for 2025, but we accelerated the timeline because we know how important it is. We will do that while investing in the transition to greener energy, in the decarbonization of our industries, and in creating good jobs for our workers in all sorts of industries, because we know that all Canadians expect a better future thanks to a green shift and investments in better technologies.
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  • Nov/1/22 2:39:14 p.m.
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Mr. Speaker, our government is committed to phasing out public financing of the fossil fuel sector by the end of 2022. We will eliminate subsidies to the fossil fuel sector by the end of 2023. We must address climate change. We need to implement a plan to fight climate change while fostering economic prosperity. Of course, we are in this together.
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  • Nov/1/22 2:39:46 p.m.
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Mr. Speaker, Canada has been promising to stop subsidizing fossil fuels since 2009. However, here we are 13 years later and nothing has changed. We have had enough of empty promises. This government promised to stop subsidizing fossil fuels by 2023. That is in two months, or 61 days. If the government intends to keep that promise, it must have made a lot of progress and must have a really good plan. Will the minister finally be able to announce at COP27 that there will be no more subsidies for fossil fuels? Will that finally be a reality instead of another empty promise?
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  • Nov/1/22 2:40:30 p.m.
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Mr. Speaker, I agree with the hon. member that we need to go further and faster on fossil fuel subsidies in our journey to net zero by 2050, and we are doing exactly that. We are capping emissions from the fossil fuel sector. We are implementing a clean fuel standard. We are investing in carbon capture. We will also be eliminating inefficient fossil fuel subsidies by 2023, two years in advance of the deadline.
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