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House Hansard - 310

44th Parl. 1st Sess.
May 7, 2024 10:00AM
  • May/7/24 1:07:08 p.m.
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Uqaqtittiji, it is great to hear intelligent speeches from the Conservatives. It is great to hear not all Conservatives take a “play bingo” approach to saying as many slogans as they can in their interventions, so I really appreciate that very much. In 2022, the RBC, the Royal Bank, invested $41 billion in fossil fuels. In this time of climate change, would the member not agree it would be better to invest in renewable energies, in projects like the Kivalliq hydro-fibre link project, which would get Nunavut communities off dirty diesel and transitioned to more renewable energies? Would he not agree that what the government can do is make sure companies like the RBC are not subsidizing fossil fuels but transitioning to renewable energies for the betterment of earth, so we can combat climate change in a better way?
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  • May/7/24 4:05:30 p.m.
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Madam Speaker, I know my friend across the way is a strong advocate for sustainable finance. A few days ago, reporter John Woodside of the National Observer tweeted, “An open-secret on the hill right now is that a key climate policy - the sustainable finance taxonomy - has been long delayed because of a feud between experts and [the Minister of Finance's] office. She wants fossil fuels included, experts want a credible taxonomy.” Can the member confirm this rumour, and if so, can he explain to the House why the Minister of Finance is standing in the way of credible climate policy?
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  • May/7/24 7:21:27 p.m.
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Mr. Speaker, by taking the lead on climate action, Canada can become a leader on many of the new technologies the world will need to adopt on a massive scale to fight climate change, unlocking economic growth and important trade opportunities. We are seeing these opportunities already, for example, the announcement last summer of a new $1.5-billion battery component plant in Ontario that will create hundreds of jobs. The new, cleaner sources of energy we have developed and are putting in place have many other benefits, such as reducing other types of air pollution from burning fossil fuels that can cause asthma and damage ecosystems.
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