Yes, we are, thank you.
Clause 10 says:
10. (1) On or before May 31 of each year, the Minister shall prepare a statement setting out (a) the measures taken by the Government of Canada to ensure that its commitment under section 5 and the targets set out in the target plan are being met, including measures taken in respect of (i) regulated emission limits and performance standards, (ii) market-based mechanisms such as emissions trading or offsets, (iii) spending or fiscal incentives, including a just transition fund for industry, and (iv) cooperation or agreements with provinces, territories or other governments; and (b) the Canadian greenhouse gas emission reductions that are reasonably expected to result from each of those measures in each of the next ten years; and (c) the level of Canadian greenhouse gas emissions in each of the following ten years to be used as a baseline to quantify the reductions referred to in paragraph (b).
That's exactly what I'm speaking to, Chair, and that is clause 10.
The Minister of Natural Resources and Alberta's Minister of Energy have commissioned a Canada-Alberta ecoENERGY Carbon Capture and Storage Task Force. The task force is made up of CEOs from the oil, power, and pipeline industries, as well as a member of the academic community. It's been tasked with examining the opportunities for the large-scale application of carbon capture and storage technology in Canada. Based on that examination, the task force will provide a comprehensive set of options describing how government and industry can work together to take advantage of those opportunities. In carbon capture and storage technology, Canada is the world leader.
When we were in Germany, I asked if there has been a mapping of geological formations globally. We were told, no, each country is going to be responsible for that. But Canada has taken that leadership in carbon capture and storage, and we have that model in Weyburn, Saskatchewan. It's very important that we not continue to dump carbon dioxide into the atmosphere. We need to capture it. That's going to be happening on new projects in the oil sands, and it will also be required for new coal-fired electric generating plants.
We also look forward to Ontario shutting down those coal-fired plants and building these new electric-fired plants with carbon capture and storage, and I'm sure Mr. McGuinty is looking forward to that too.
On March 19, 2007, just a year ago, our government further demonstrated its commitment to environmental action to provide health and environmental benefits to Canadians by allocating $4.5 billion in budget 2007 for initiatives to reduce greenhouse gases and their pollution, as well as water conservation enforcement initiatives. These initiatives included the following: $1.5 billion for the trust fund for clean air and climate change, a new national trust fund that provides financial support for provincial and territorial government projects that will result in real reductions in greenhouse gas emissions and air pollutants. Did the Bloc support that? No. Did the NDP support that? No.
It included a rebalancing of the tax system to encourage investments in the oil sands and other sectors in clean and renewable energy, while phasing out the accelerated capital cost allowance put in by the previous Liberal government for the oil sands development. Did the Bloc support that? No. Did the NDP support that? No.
It also included an extension to 2020 for existing tax incentives for clean energy production and an expansion of the eligibility to cover wave and tidal energy, as well as additional solar energy and waste-to-energy technologies. Surely the Bloc would have supported that. Did they support it? No. Did the NDP support that? No.
We also funded performance-based rebates on vehicles according to their fuel efficiency, with levies on fuel-inefficient vehicles beginning with the 2011 year. Did the Bloc support that? No. Did the NDP support that? No.
We funded $36 million over two years to support programs to get older high-emitting vehicles off the road. It's a good plan. When you get the older vehicles off the road, people then will buy new energy-efficient vehicles. Did the Bloc support that? No. Did the NDP support that? No. They do support Bill C-377, though, which is a bill with no plan and no costing.
Our plan included $2 billion over seven years to support the production of renewable fuels--$1.5 billion for operating incentives for producers of alternate low-emission fuels and $500 million for investing with the private sector in establishing large-scale facilities for the production of next-generation renewable fuels, such as Iogen here in Ottawa--