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Decentralized Democracy

House Hansard - 220

44th Parl. 1st Sess.
September 19, 2023 10:00AM
  • Sep/19/23 10:45:45 a.m.
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  • 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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  • Sep/19/23 12:15:15 p.m.
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  • Re: Bill C-49 
Mr. Speaker, the issue about private sector investment was very clearly stated. How are we going to have private sector investment in the clean tech economy when we have someone like Danielle Smith, who is part and parcel of the Conservative movement that is over there, shutting down clean energy and telling them to go to the United States? How can the Conservatives believe that they can talk about private sector development when they are shunting billions of dollars of investment to the United States because of the ideology that if it does not burn the planet, it is not good for us? That is a false view and we have to challenge it. Private sector investment will only come if we have the regulations and the support in place for a clean energy economy.
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  • Sep/19/23 4:00:33 p.m.
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  • Re: Bill C-49 
Madam Speaker, I would assure the hon. member that the intention of keeping what we know is to give those assurances to investors. The first thing we want to do is make sure we are attracting investment. We want to deal with entities we know and regulations we know, and build on those rather than trying to reinvent the wheel. Whenever we get involved in an industry like renewables or like oil and gas, like anything, frankly, there has to be a certain amount of regulation. One person's red tape is another person's regulation, and one can go crazy with it certainly. We began with 300 days. The Conservatives made it 900 days, and we made it 90 days and actually increased environmental oversight. It is important to be smart about it and listen to the people close to the ground.
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  • Sep/19/23 5:29:11 p.m.
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  • Re: Bill C-49 
Madam Speaker, that is a good and valid question, because the member is right. When it comes to the idea of capital, it goes to markets where it can see a predictable return on investment. Talking about economic terms like that probably flies over the heads of many of the left-leaning members in this place. The reality is that the Liberals have created more boundaries, roadblocks and reasons as to why so few are deciding to invest in Canada on many fronts. Energy is a big part of that, whether it is renewable or traditional. We need to be a country that says “yes” again, that allows mines to be dug to get rare earth minerals and that allows windmills and solar farms to be built. In addition to those things, we have to be willing to say “yes” to oil and gas and we have to be willing to say “yes” to major infrastructure. However, the sad reality is that—
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