Thank you, Mr. Chairman.
I am having a hard time understanding Mr. Jean's arguments. On the one hand, the western provinces, including Alberta, have guaranteed that there will be no transfer of money from one part of the country to the other. This very strong part of the Liberal motion should convince the representatives of some of the westernmost provinces. There is, therefore, a guarantee that these funds will be directly reinvested. Moreover, representatives of some of the large industrial sectors told us, during our hearings on Bill C-30, that the technology does exist, particularly for capturing and sequestration, but it will have to be funded.
This amendment would free up enough capital to provide for a rapid implementation of existing technologies. I trust the industry and large emitters to use their account to bring forward projects that will improve their efficiency in terms of greenhouse gas reduction.
If the large emitters don't come forward with a proposal, it is clear that these amounts will go directly to a fund that could be used to reduce greenhouse gas emissions. First, this proposal guarantees the large emitters the funding that will be available as long as they are proactive. Second, large industrial emitters, particularly in Alberta, will have a guarantee that they can keep the capital, which is required for investment. Third, we have to trust the large industrial sectors when it comes to the projects.