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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 2:31:59 p.m.
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Mr. Speaker, the answer, absolutely, is yes. We will ensure that the deal goes forward. We will ensure that the jobs will stay in Canada. That is why we have a $120-billion clean economy plan. What else will we ensure? We are going to ensure that Ontario pays its fair share, because this is an investment in a particular province, and we know Canada is a country of regions and regional equity is really important. We are going to ensure that the company comes forward with a reasonable offer as well.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:12:02 p.m.
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Madam Chair, the point is that, in the 21st century, the world is building a clean economy. The Conservatives are in denial about that. That is a disservice to all—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:12:22 p.m.
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Madam Chair, I will tell members some important rankings. TD judged our green economy plan—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:12:42 p.m.
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Madam Chair, TD judged that our climate plan in the 2023 budget would put us at par with the United States and ahead of the rest of the world as a green economy investment destination.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:20:39 p.m.
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Madam Chair, the important question is this: How much will Canadians, including Quebeckers, lose without a plan to create a green economy?
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:25:28 p.m.
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Madam Chair, the people who are happy are Canada's workers, who will have good jobs thanks to investments in our green economy.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:39:55 p.m.
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Mr. Chair, our government understands that there is a window of opportunity right now to be the country where the clean economy of the 21st century is built. That window is open today, but it will not be open forever. That is why, in our budget, we announced really significant investments in the clean economy. Our total clean economy investment is about $120 billion. As I said earlier, TD Economics now ranks Canada head to head with the U.S. as the world's most attractive clean economy investment destination. That is really important today and it is really important for tomorrow.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:48:57 p.m.
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Mr. Chair, I want to remind the House, but especially my Bloc colleague, that during the pandemic, the government put an additional $27 billion into the EI system to offset all the expenses the system had to incur. The federal government supported our EI system. I can also say that what Canadians want is a strong economy and jobs. That is the most important thing. Our government and our country are in a really good position today when it comes to—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 7:52:01 p.m.
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Mr. Chair, our government absolutely understands the importance of climate action and investing in a green economy. That is what we have done. With the budget, we now have a $120‑billion plan to create a clean economy. Today, we are seeing that we have really started to attract investments. We are also seeing that emissions are coming down. Our plan is working.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 8:55:53 p.m.
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Mr. Chair, I thank my colleague for her very important question. She is obviously right. The fact that Canada's electricity is green is a major advantage in terms of investments. Today, we produce 83% of our electricity with renewable energy, but we need to produce more green electricity. We are talking about it with investors. It is a priority. That is why our budget really focused on this very important objective. As I said, investors agree that with the investments in this budget, Canada is truly the most attractive place for investments in the clean economy.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 8:57:57 p.m.
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Mr. Chair, it is with our $120-billion clean economy plan.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:00:52 p.m.
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Mr. Chair, Canada's debt-to-GDP ratio went up during COVID, and that was natural. We did an important job in supporting Canadians and the Canadian economy. It was the right thing—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 9:28:15 p.m.
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Mr. Chair, that is another really important question from the member for Vaughan—Woodbridge. The reality is we need climate action for two reasons. We need it because we have to act. We need to save our planet. Canada is literally burning, and we need to respond. We also need it because the jobs of the future will be in the clean economy, and we simply cannot sit on our hands and allow other countries to eat Canada's lunch. Our government is not going to do that. That is why I am so glad that our $120-billion clean economy plan is receiving such positive reviews from investors around the world.
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • May/29/23 10:02:28 p.m.
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Madam Chair, I thank my colleague for her question, which is truly important. These credits for investing in electricity are truly key to the creation of a green economy. As my colleague opposite understands very well, we will need much more electricity than we need at present. Canada has a great advantage: it has a green electricity. I will continue—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 10:07:02 p.m.
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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—
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Context: House Hansard - 201 - May/29/23
Hon. Chrystia Freeland
  • May/29/23 10:07:39 p.m.
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Madam Chair, the credits will be used to make investments to create a clean economy and reduce existing greenhouse gas emissions—
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