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Decentralized Democracy

House Hansard - 264

44th Parl. 1st Sess.
December 7, 2023 10:00AM
  • Dec/7/23 11:13:17 a.m.
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Madam Speaker, I would not necessarily say that is fully accurate. I was very encouraged about today's announcement, and if I had had more time, I would have really gone into it. The government is looking at a regulated cap-and-trade system to be established under the Canadian Environmental Protection Act. It would apply to all upstream oil and gas production, including offshore development as well as liquefied gas operations. Together, this represents approximately 85% of the sector's total emissions. The proposed system would include two limits: an emissions cap and a higher legal upper bound. Facilities can emit more than the emissions cap, up to the legal upper bound, by using offsets or contributing to a new decarbonization fund that would support additional reductions in the sector. There is a lot more information available on what the government has announced today. It is a good day. It is also part of what I said earlier, which is that the government is focused on dealing with the environment. We do have a plan on the environment, unlike the official opposition.
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  • Dec/7/23 11:44:00 a.m.
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Madam Speaker, the major problem is that Canada is taking the wrong approach. They did not want to cap oil and gas production, but they want to cap GHG emissions. That will not work. A rather simple concept, the green paradox, explains why. It seems like we want to give those in the oil and gas sector one last chance to line their pockets by supporting them, telling them that we will try to reduce their emissions. However, production is rising steadily. If one has the least bit of sense, one quickly sees that, if production goes up, worldwide GHG emissions will inevitably go up.
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  • Dec/7/23 2:41:09 p.m.
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Mr. Speaker, we have spent two years waiting for the Liberal plan to cap emissions in the fossil fuel industry. Our wait is not yet over. The government has just announced a regulatory framework without any regulations. There is zero chance it will be adopted before 2025. Worse still, the emissions cap will not be in effect until 2030. Not only does this plan not require any reductions in oil production, it explicitly gives oil companies the flexibility to increase production. It is literally a licence to pollute until it is too late. Who drafted this plan, the oil companies?
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  • Dec/7/23 2:43:07 p.m.
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Mr. Speaker, Canada has put in place a very ambitious plan, perhaps the most detailed in the world, to combat climate change. Today, we announced the world's first cap on oil and gas sector emissions. We are leading the way in this sector, and in the world, to combat climate change in a way that ensures we will have a strong and prosperous economy in the future.
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  • Dec/7/23 2:47:47 p.m.
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Mr. Speaker, the Liberals are patting themselves on the back for their botched emissions cap. After two years of delays, they have announced a watered-down oil and gas cap that will not even cut emissions enough to meet the Liberals' own target. It will only meet the Conservatives' old target, and these are the same Conservatives who do not even believe this is a crisis. The Liberals are throwing young people's futures under the bus to make life easier for oil and gas companies. Will the minister get serious and fix the emissions cap?
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