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House Hansard - 227

44th Parl. 1st Sess.
September 29, 2023 10:00AM
  • Sep/29/23 11:28:28 a.m.
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Madam Speaker, Canada did not reduce its greenhouse gas emissions last year. On the contrary, they increased by 2.1%. That is according to the Canadian Climate Institute. That increase is almost entirely down to one sector, a sector whose five biggest companies made $200 billion in profits last year. This sector receives billions of dollars in subsidies to create less pollution, yet it continues to single-handedly increase emissions across Canada. Which sector am I talking about? It is the oil sector, of course. When will the government stop subsidizing this sector with public funds?
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  • Sep/29/23 11:29:06 a.m.
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Madam Speaker, I thank my hon. colleague for her question. I have some really good news for her. Canada is the first G20 country to eliminate fossil fuel subsidies. We did so this year, two years ahead of the 2025 deadline, and we plan to do even more. We will eliminate public funding for fossil fuels. Canada is the only G20 country to have made this commitment. Canada is fighting climate change, and it is working. In fact, we have the best record of any G7 country for reducing greenhouse gas emissions in 2019 and 2021.
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