SoVote

Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Ms. Monique Pauzé
  • May/29/23 10:03:03 p.m.
  • Watch
Madam Chair, I have another question along the same lines. Could a company that operates one or more coal plants benefit from this tax credit?
25 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:03:14 p.m.
  • Watch
Madam Chair, we have to produce more electricity and ensure that it is green electricity because that is what investors want.
21 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:03:29 p.m.
  • Watch
Madam Chair, could nuclear projects benefit from these tax credits?
10 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:03:36 p.m.
  • Watch
Madam Chair, the answer is yes.
6 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:03:41 p.m.
  • Watch
Madam Chair, we are also going to talk about hydrogen. You are establishing a tax credit for investing in hydrogen. To your knowledge, will hydrogen produced from natural gas be eligible for this tax credit?
35 words
  • Hear!
  • Rabble!
  • star_border
The Deputy Chair
  • May/29/23 10:03:53 p.m.
  • Watch
The member must direct her question to the Chair. The hon. Minister of Finance.
14 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:03:59 p.m.
  • Watch
Madam Chair, when it comes to hydrogen, our approach is to have a system that will make it possible to determine the carbon content of the hydrogen that is produced.
30 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:04:21 p.m.
  • Watch
Madam Chair, I would like to ask the minister another question. Is that tax credit reserved only for green hydrogen, the type of hydrogen that Canada's allies who are committed to the fight against climate change really want to buy?
41 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:04:42 p.m.
  • Watch
Madam Chair, we understand the importance of having a system that investors can compare with those of other administrations. That is what we did with hydrogen.
26 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:04:59 p.m.
  • Watch
Madam Chair, Germany wants green hydrogen. That is what it is asking for. Why then is the government offering a tax credit for the production of grey hydrogen? There are all sorts of colours of hydrogen and the colour depends on the source from which the hydrogen is produced. Right now, it is grey hydrogen. Why invest in that?
59 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:05:20 p.m.
  • Watch
Madam Chair, I very much appreciate the questions about the green transition and hydrogen. I agree that our allies, the investors, are very interested in Canada's hydrogen production. We think the ideal approach is to talk about the carbon content—
43 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:05:47 p.m.
  • Watch
Madam Chair, the minister is giving an investment tax credit for clean technology. Since we do not agree on what is clean and what is not when it comes to hydrogen, I would like to know what range of technologies the government considers to be clean. Can you confirm that this credit will not be used to fund projects related to the oil and gas sector?
67 words
  • Hear!
  • Rabble!
  • star_border
The Deputy Chair
  • May/29/23 10:06:10 p.m.
  • Watch
I cannot do that, but I will ask the hon. minister to answer that question.
15 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:06:15 p.m.
  • Watch
Madam Chair, if you would like to help me answer questions, I would be very happy, because this is the third hour of this debate. When it comes to questions about industrial policies, more often than not, we agree with the Bloc.
43 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:06:41 p.m.
  • Watch
Madam Chair, I am glad to hear that the minister somewhat agrees with us. We would like to define the terms “subsidies” and “clean technologies”. Of the $80 billion planned over 10 years, can the minister tell us how much will be invested in Quebec's green economy?
53 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:07:02 p.m.
  • Watch
Madam Chair, all of these credits will be invested in Canada's green economy. As for Quebec, as I said in our discussion about Stellantis, regional equality is very important to me—
33 words
  • Hear!
  • Rabble!
  • star_border
The Deputy Chair
  • May/29/23 10:07:20 p.m.
  • Watch
The hon. member for Repentigny.
5 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:07:23 p.m.
  • Watch
Madam Chair, there is one thing that is not entirely clear in terms of the questions I asked, specifically relating to when the minister talked about coal. I would like to clarify that. Can tax credits be given to those industries?
41 words
  • Hear!
  • Rabble!
  • star_border
Hon. Chrystia Freeland
  • May/29/23 10:07:39 p.m.
  • Watch
Madam Chair, the credits will be used to make investments to create a clean economy and reduce existing greenhouse gas emissions—
22 words
  • Hear!
  • Rabble!
  • star_border
Ms. Monique Pauzé
  • May/29/23 10:07:53 p.m.
  • Watch
Madam Chair, the government chose to spend billions of dollars in public funds on extremely expensive technology to the sole benefit of the industry. The government therefore accepts the solution that the industry chose. I am talking about carbon capture and storage. Some 400 Canadian academics contacted the government to say no to carbon capture and storage. The analyses and studies are clear: it is the most costly and least useful method and its effectiveness has not been proven. Anything that is captured is often thrown back into the atmosphere. I would like the minister to explain what it means when the government says that we need to listen to science. Why fall head first into this sham?
118 words
  • Hear!
  • Rabble!
  • star_border