Madam Speaker, it is always a pleasure to see my hon. colleagues in this most honourable House.
As we continue the debate at report stage of Bill C-50, it is imperative to note that what we are seeing across the world is being driven by technology in response to the climate crisis, what is happening in our environment and the weather: droughts, floods and temperatures increasing, attributable, obviously, to man-made causes. It is an economic opportunity for all Canadians, for all provinces, from coast to coast, that is being seized today by companies here in Canada, whether Cameco, BHP or, in Ontario, with nuclear. There is just so much innovation happening.
We know right now that the lowest cost to generate electricity is actually through solar and wind. It is true. We also know that we need to be able to store the electricity that is generated, and we are getting there. In my years in the private sector, I was learning quite well about the generation, transmission and distribution of electrical energy. We are now adding a fourth dimension, which is storage. That is going to help us to decarbonize Canada and our electrical system. Bill C-50 is a part of this process, to ensure that the workers in Canada would have the tools, the skills and the resources to participate in this. It is an economic opportunity.
As we gather here today, it is crucial that we recognize the evolving nature of the global economy, driven, yes, by the need to address the climate crisis but also by the technological innovation that is occurring across the world. We can look at companies like Brookfield Asset Management, which was on the Hill this week. It has 33,000 megawatts of generating capacity, almost entirely renewable; it has solar, wind, hydro and nuclear being done right now. That capital is being deployed. As someone who loves the private sector, capital, wealth creation and all of that, I am excited by this. It ensures that we will have a profitable and successful future for our kids. The IEA estimated that in 2022, $2.4 trillion globally would need to be invested as we continue this.
We know that climate change and the actions required to fight it are fundamental economic opportunities for Canada's workforce. The world is rapidly moving toward a future powered by clean energy and sustainable technology. This global shift is not just about reducing emissions; it is also about unlocking new avenues for economic growth and job creation. Around the world, countries are seeking clean energy technologies and supplies to power their economies well into the coming decades. Canada is stepping up to support them. A great example is the work we have been doing with Romania to build Canadian CANDU reactors that will help them to both phase out coal, wean eastern European grids off Putin's energy, create jobs here in Canada and in eastern Europe. All of the financing will go back to Canadian companies, creating sustainable jobs here in Ontario.
Unfortunately, Conservatives let down Ukraine by opposing the free trade agreement between Canada and Ukraine. I think we need to note that the Canada-Ukraine free trade agreement was ratified by the Ukrainian Parliament this week. We will always stand beside the Ukrainian deputies, the Ukrainian people and Ukraine as it fights for its sovereignty and its freedom.
Beyond nuclear, the Minister of Energy recently signed a hydrogen accord with the vice-chancellor of Germany, in which Canada is unlocking the first direct hydrogen trade window into a major European market. Partnerships like this will support thousands of good jobs in Atlantic and eastern Canada to produce renewable hydrogen and ship it to Europe to displace Russian gas. Unfortunately, rabid climate denialism has made the federal Conservatives blind to this opportunity that the Progressive Conservative government of Nova Scotia is championing with us.
Beyond hydrogen, Canada built the Sustainable Critical Minerals Alliance with many global partners to export the Canadian minerals that are building blocks to clean energy technologies, supporting thousands of great jobs in every part of this country. In British Columbia, for example, the clean energy sector is booming, with investments in hydroelectric power, wind farms, and battery factories like E-One Moli. These investments are both creating sustainable jobs and reducing our reliance on fossil fuels, while positioning B.C. as a leader in the development of a low-carbon economy. Unfortunately, the party on the opposite side is opposed to all these investments and continues to attack the Government of British Columbia for its climate leadership.
Similarly, in Alberta, the shift towards hydrogen and other forms of clean energy is creating opportunities for workers in the oil and gas sector to use their skills to help build new plants. I visited the industrial heartland in Alberta a couple of years ago and saw the investments that are taking place, literally $10 billion or $20 billion of petrochemical and chemical investments, net-zero investments, are taking place. We are going to ensure that they get done. We actually partnered with the Government of Alberta and invested in these projects, and we will continue to do that. Unfortunately, the Conservatives and their UCP allies are holding back Alberta's full potential through their job-killing red tape on the renewables industry.
The Conservatives are holding back Nova Scotia, and Newfoundland and Labrador by filibustering and delaying Bill C-49. Actually, I should take that back. Today at the natural resources committee, we finished Bill C-49 and have sent it back. Bill C-49 would build an offshore renewable industry in Atlantic Canada. Meanwhile in Ontario, investments in energy-efficient building retrofits are creating jobs for construction workers by reducing emissions and lowering energy bills for homeowners.
We know that in Bill C-50, the creation of a secretariat to coordinate action and the creation of a sustainable jobs partnership council would really bring industry, labour and indigenous organizations to the table, ensuring that workers have a place at the table.
We know that investments are being made in electric vehicle manufacturing plants and battery plants, not only for today but for decades. All the auto companies know that this transition is happening and that EV production will occur. It may not occur smoothly. It may not occur without some bumps along the way, but it is going to occur. They are all going that way, whether it is Stellantis, Volkswagen, Toyota or Honda. We see the exciting things happening in Oxford, and in St. Thomas with Volkswagen. I hope the member opposite who represents Oxford gets on board and supports that investment. It means tens of thousands of Canadians will be working, directly and indirectly, around this plant.
As we can see, there are so many new developments across growing clean industries at the moment. Canada is attracting billions of dollars of direct investment, and Canadian innovation is driving new opportunities. As we grow, we cannot allow a shortage of skills, training and tools to stop our workers from achieving their goals and reaching their full potential in building generational economic drivers. The sustainable jobs bill is fundamentally about supporting hard-working Canadian workers and their families in all 338 ridings that we represent, and ensuring that our and future governments will be accountable to deliver for these workers.
Clearly the Conservative opposition to the bill is founded either in opposition to workers or to accountability, or in being anti-union. Unfortunately I can confirm, based on their statements, that it is based on all of those scenarios. The legislation would ensure that workers have access to training programs, job opportunities and fair wages in the emerging low-carbon economy, as they rightfully should. Yet despite the clear benefits of the sustainable jobs bill, the opposition remains steadfast in its opposition. Its stance is not just completely divorced from reality but is also downright dangerous economically.
I love the 100,000 energy workers in this country who go to work every day. We are going to need them, and we are going to need the resources for years to come. However, we know that capital around the world is being placed in the renewable sector. We know that solar, wind, hydro and nuclear are here to stay. We need to continue displacing forms of higher GHG-emitting sources with lower GHG-emitting sources. We will continue to do that.
