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Decentralized Democracy

House Hansard - 307

44th Parl. 1st Sess.
May 2, 2024 10:00AM
Context: House Hansard - 307 - May/2/24
Hon. Seamus O'Regan
  • May/2/24 12:43:45 p.m.
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Mr. Speaker, the ITCs are something new, which actually builds the argument for what we are talking about with this piece of legislation. Why would we create something new when what we have works so well? Investment tax credits are new to this country. In particular, I am very proud to say that some of the ITCs are dependent and would only be activated, in other words, investors and companies would only realize them, if investors make sure that union wages are paid or union members are hired. In this case, we have a regulatory regime that works. If we want renewables to succeed, as the hon. member brings up, as competition begins, why would we go back to the drawing board and start a whole new regulatory regime for renewables? It would take way too long. Let us use what we have, which works so well. That is what the provinces of Nova Scotia and Newfoundland and Labrador are asking us to do.
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