I'd like to summarize my comments. Mr. Mazier moved his motion further to our lengthy discussions about the net zero accelerator initiative. This initiative provides funds for industries to invest in technologies to make them more effective and reduce their carbon footprint and their GSG emissions in their respective sectors. Furthermore, according to the report referred to in this motion, the net zero accelerator initiative does not appear to be as effective as desired. As I said earlier, it would be in everyone's interest to work together towards effective ways of achieving a carbon-neutral economy. That's our objective.
But then my Conservative colleagues are directing all their efforts and strategies towards achieving this objective, while engaging in a magical thinking exercise in the belief that investing in technology will inevitably lead to a carbon-neutral economy. However, as Mr. Mazier himself admits, and in view of the questions we've been asking the commissioner, it appears that certain sectors, unfortunately, like oil and gas, are not taking advantage of the initiative.
And yet, it's a good initiative. We are investing, and using taxpayer money to help these sectors develop technologies that will work much more effectively. The trouble is, it's not working, and that's what we've just learned today. We want it to work, but we can't force companies that don't want to invest to do so, even with our help. We have the financial leverage. Not only that, but we've been talking about billions of dollars in investments to help companies transition to a green economy. The fact is that we need a carbon tax, or an emissions ceiling. We won't get there without these other tools.
The problem is that if we don't have these other tools, we'll have to rely once again on a net zero accelerator fund. That's why we absolutely need other tools in our tool box, and that's what we have. We have several.