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House Hansard - 264

44th Parl. 1st Sess.
December 7, 2023 10:00AM
  • Dec/7/23 10:46:16 a.m.
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Madam Speaker, through you, I would like to point out to my colleague that Quebec's agriculture sector is not regulated by federal carbon pricing or the Quebec carbon market. If the Conservatives are so concerned about farmers, what is their game plan for fighting climate change, which is having a major impact on our agriculture industry?
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  • 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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