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Decentralized Democracy

House Hansard - 201

44th Parl. 1st Sess.
May 29, 2023 11:00AM
  • 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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  • 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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  • May/29/23 9:59:53 p.m.
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Madam Chair, it is essential. As we have been saying, this is an economic transformation that is comparable only to the Industrial Revolution itself. As with the Industrial Revolution, some countries did it better than others. Those countries that seized the advantage reaped generational benefits and, for generations, raced ahead in terms of the prosperity and health of their people relative to the countries that did not seize that opportunity. A comparable moment is upon us, and that is why this budget was so important. We knew we had to seize the moment for Canada, which is what we are doing, and we are already seeing the reaction from investors. This is a great opportunity for us; we are going to take advantage of it.
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  • May/29/23 10:03:14 p.m.
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Madam Chair, we have to produce more electricity and ensure that it is green electricity because that is what investors want.
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  • May/29/23 10:04:42 p.m.
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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.
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