My question is for the Associate Minister of Small Business. My riding of Simcoe–Grey is home to thousands of small businesses that provide goods and services to the residents of Ontario and good-paying jobs. The Liberal carbon tax is hurting those businesses dramatically. Not only is it driving up inflation, it is increasing the cost of essential goods and services that small business owners and their customers rely on, from groceries to gas and utilities.

Ontarians have had enough of this costly tax. They know that it is nothing more than another tax grab by the Liberal government. Unlike the opposition NDP and independent Liberals, our government remains steadfast in standing up for the people of this province. We will continue to call on the federal government to put an end to this regressive measure.

Mr. Speaker, can the associate minister please explain to this House why the federal carbon tax must be terminated and why it is killing jobs?

We know that the NDP and Liberals have no intention of standing up for the people of this great province. In fact, they support the federal government’s plan to triple the carbon tax to $170 per tonne by 2030. This is completely at odds with the priorities of this government as we stay committed to protecting Ontarians, workers, families from these rising costs.

Speaker, can the associate minister please tell the House what measures our government is taking to keep costs down for small businesses and households in the face of this disastrous tax?

It’s always a pleasure to speak about the incredible diversity of businesses in my riding of Simcoe-Grey. Today, I’d like to speak about a start-up company that is developing cutting-edge technology to harvest critical minerals from the ocean floor in an environmentally sensitive way.

Speaker, our government is committed to reducing our greenhouse gas emissions by 30% from 2005 levels by 2030, and we’re currently 90% of the way to that target. But we won’t stop there; we will exceed that target, and we will grow our green economy at the same time.

The company I’d like to speak about is Impossible Metals, a company that just 11 months ago celebrated the opening of its Canadian headquarters in Collingwood. This month, I’m very proud to tell this House that Impossible Metals earned a spot on the prestigious Time magazine list of America’s top-250 green tech companies of 2024, coming in at 119.

Impossible Metals is developing an autonomous underwater vehicle that can pick up mineral-rich, deep-sea nodules while avoiding microfauna and marine life, with the goal of preserving biodiversity and habitat function. This autonomous underwater vehicle will be operating at depths of between one and four kilometres along the ocean floor.

I visited Simcoe native Jason Gillham at the Collingwood office last week, and he told me the team is in Florida as we speak. preparing to test their Eureka 1 prototype, and they plan to harvest nodules at a depth of one kilometre. If these tests are successful, they will begin the design and production of the full-scale autonomous underwater vehicle that will have the capacity to harvest and hold 100 kilograms of nodules from the ocean floor.

I want to congratulate the team at Impossible Metals on their remarkable achievements. There can be no doubt that, for this company, it is the ocean floor and not the sky that is the limit.