Mr. Speaker, with his first budget just days away, I would like to take this opportunity to remind the Minister of Finance and the House of the tremendous potential of biofuels.
Investing in biofuels like ethanol and biodiesel could mean new jobs, improved energy security, rural development, improved health for our constituents and decreased emissions of greenhouse gases. With new technology and falling costs, we must act now to reap the benefits.
We have taken first steps but we can and must do more. Rural caucus members from this side of the House have called for a $400 million investment in a national renewable fuels strategy to provide incentives so that we can produce enough biofuel right here in Canada. I look forward to hearing good news in the budget.