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House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
Context: House Hansard - 220 - Sep/19/23
Mr. Charlie Angus (Timmins—James Bay, NDP)
  • Sep/19/23 10:44:49 a.m.
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  • Re: Bill C-49 
Madam Speaker, we know that the clean energy tax credits of the Biden administration have created an explosive growth in clean energy opportunities, $110 billion in new projects. On offshore wind, the vineyard project will create energy for 400,000 homes; off Rhode Island, 250,000 homes, so it is a huge opportunity. At the same time, we see the Danielle Smith government shutting down and walking away on $33 billion in opportunities. Atlantic Canada has a huge opportunity here, but the urgency here is getting the tax credits moved from promises to reality so that we do not lose opportunities stateside like poor Alberta is doing from Danielle Smith's actions. I would like to ask the minister this. When does he see the clean energy tax credits coming into force so that we can take full advantage and compete with the United States?
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Context: House Hansard - 220 - Sep/19/23
Hon. Jonathan Wilkinson
  • Sep/19/23 10:45:45 a.m.
  • Watch
  • Re: Bill C-49 
Madam Speaker, I am in agreement with the member that we certainly want to advance the final definition of the investment tax credits so that there is certainty with respect to investment. Right now we are waiting to see what that will be. I would also say that it is really important that we have a regulatory structure that companies can rely upon. That is exactly what this bill is intending to do, to put in place that regulatory structure in collaboration with Newfoundland and Labrador and with Nova Scotia. With respect to the investment tax credits, we are working on that very actively. As members would know, the Department of Finance leads on that, but we are working to have that done expeditiously. We all recognize the need to have that in place.
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