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House Hansard - 150

44th Parl. 1st Sess.
January 31, 2023 10:00AM
Context: House Hansard - 150 - Jan/31/23
Mr. Terry Duguid (Parliamentary Secretary to the Minister of Environment and Climate Change, Lib.)
  • Jan/31/23 5:54:13 p.m.
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Madam Speaker, I will be presenting a starkly different view from that of the hon. member. The clean fuel regulations, CFR, are critical to meeting Canada's 2030 climate targets and laying the foundation for a net-zero economy in 2050. The CFR will deliver up to 26 megatonnes of GHG emission reductions in 2030. This is a significant contribution to Canada's climate change goals, equal to removing about two weeks of annual greenhouse gas emissions from the entire Canadian economy. The CFR will do more than reduce emissions. The regulations have been designed to work in conjunction with the Government of Canada's $1.5-billion clean fuels fund. Together, these measures will drive innovation and send a clear market signal for investors and industry to bring more clean technologies and low-carbon fuels, such as biofuels and hydrogen, to market to help decarbonize the economy. The refinery in Come By Chance, Newfoundland, has recently been retrofitted by Braya Renewable Fuels to produce renewable diesel and sustainable aviation fuel. This is an example of the type of new investments in Canada's transition to a net-zero economy supported by the CFR. The CFR will reduce emissions across the life cycle of fossil fuels, similar to the approaches that already exist in British Columbia, California and Oregon. These jurisdictions have benefited enormously from the expansion of clean technology industries as a result of these regulations. Working in tandem with carbon pricing, the clean fuel regulations will also help diversify energy choices and promote faster adoption of zero-emission vehicles by incentivizing the deployment of vehicle-charging infrastructure.
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