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Decentralized Democracy

House Hansard - 312

44th Parl. 1st Sess.
May 9, 2024 10:00AM
Context: House Hansard - 312 - May/9/24
Hon. Sean Fraser
  • May/9/24 6:32:48 p.m.
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Madam Speaker, I want to draw attention to the efforts of my colleague, not only for his question today, but also for his extraordinary work when it comes to leveraging opportunities in the clean economy, particularly when it comes to social finance. We have decided to move forward with a unique approach, introducing investment tax credits to generate economic activity that will help provide climate solutions. We have already seen clean-tech opportunities coming to Canada as a result, including the recent announcement by Honda that it will make one of the largest private sector investments in Canada's history. I believe it is the largest in the auto sector. The opportunity to generate new economic opportunities, not only in auto manufacturing but also in carbon capture, utilization and storage and other clean tech, is extraordinary. I think about some of the opportunities for companies in my home province that are leading the way. CarbonCure Technologies is sequestering carbon and strengthening concrete to provide solutions. RJ MacIsaac has developed opportunities to generate clean steel by recycling scrap metal from ships at the end of their life. It recently received one of the highest certifications globally and became the second port in North America to be able to provide these services. Opportunities abound; we just have to seize the moment to take them.
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Context: House Hansard - 312 - May/9/24
Mr. Ryan Turnbull (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance and to the Minister of Innovation, Science and Industry, Lib.)
  • May/9/24 10:35:09 p.m.
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Mr. Speaker, the member for Oshawa should know that the rapid housing initiative has created hundreds of housing units across Durham region, including in his riding of Oshawa. I was at the announcements. I am sorry that he did not make it. The federal government also invested $259 million through the strategic innovation fund in General Motors Oshawa, along with the Ontario government, to produce electric vehicles. After an over $2-billion transformation, General Motors Oshawa is now producing electric vehicles. How can the member opposite deny the workers in our region the major employment opportunities that General Motors Oshawa has created and that our government has helped invest in?
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