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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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