Evidence of meeting #129 for Environment and Sustainable Development in the 44th Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was banks.

A recording is available from Parliament.

On the agenda

MPs speaking

Also speaking

Anne-Marie Hubert  Fellow, CIRANO
Akshay Dubey  Chief Executive Officer, CVW CleanTech
Karine Péloffy  Lawyer and Sustainable Finance Project Lead, Ecojustice
Richard Brooks  Climate Finance Director, Stand.earth
Jasmin Guénette  Vice-President, National Affairs, Canadian Federation of Independent Business
Heather Taylor  Partner, Climate Change and Sustainability Services, EY Canada
Adam Scott  Executive Director, Shift Action for Pension Wealth and Planet Health
Janis Sarra  Professor of Law Emerita, Canada Climate Law Initiative

Sophie Chatel Liberal Pontiac, QC

Should I do the clock?

5:40 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Continue on. You have a minute left.

Adam van Koeverden Liberal Milton, ON

A minute left.... It's a five-minute round.

An hon. member

Challenge the chair.

Adam van Koeverden Liberal Milton, ON

Yes. This is crazy.

5:40 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Okay, I rounded up. It's 38 seconds. There you go.

5:40 p.m.

Conservative

Branden Leslie Conservative Portage—Lisgar, MB

Sure. Thank you, Mr. Chair.

Do you have any comments about the other sectors?

Adam van Koeverden Liberal Milton, ON

I have a point of order, Mr. Chair.

I'm sorry, but I'd like to challenge the chair.

5:40 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Are you challenging the chair on time?

Adam van Koeverden Liberal Milton, ON

Yes. It's way over, man.

We all have our own clocks, too.

5:40 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Look, they have 38 seconds left. Let's finish the round. You guys get five minutes, as well. We're running behind as it is.

5:40 p.m.

Conservative

Gérard Deltell Conservative Louis-Saint-Laurent, QC

Folks, we lost the last two minutes talking about time. Move on.

5:40 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Okay, Mr. Leslie.

5:40 p.m.

Conservative

Branden Leslie Conservative Portage—Lisgar, MB

Go ahead, Ms. Péloffy.

5:40 p.m.

Lawyer and Sustainable Finance Project Lead, Ecojustice

Karine Péloffy

The fossil fuel industry is responsible for 80% of global warming to date. I think it deserves singling out in terms of advertising bans. For all other matters of greenwashing, this Parliament adopted changes to the Competition Act, which I think, for now, sort of address the issue for the economy as a whole.

5:45 p.m.

Conservative

Branden Leslie Conservative Portage—Lisgar, MB

The government included nuclear energy as part of their green bond framework.

Do you support the inclusion of nuclear energy in that?

5:45 p.m.

Lawyer and Sustainable Finance Project Lead, Ecojustice

Karine Péloffy

I can't answer that question.

5:45 p.m.

Conservative

Branden Leslie Conservative Portage—Lisgar, MB

Okay.

5:45 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

Mr. van Koeverden, you have the last round of five minutes.

Adam van Koeverden Liberal Milton, ON

Thank you very much, Mr. Chair.

Ms. Péloffy, I'd like to start with you.

The line of questioning implied that a taxonomy would shut down production, completely halt the production of oil and gas in Canada, or even cause people to be thrown in jail, as was just implied by the Conservatives. That's a lot of hysteria about a list for how we define “green” in Canada.

Would people be thrown in jail? Are we talking about shutting down production just by having definitions for the words “green” and “sustainable”?

5:45 p.m.

Lawyer and Sustainable Finance Project Lead, Ecojustice

Karine Péloffy

I believe there might be a certain degree of confusion. The taxonomy is about defining things Canada will consider to be solutions. It will be a voluntary standard. It will definitely not put anyone in jail.

I think what your colleague was referring to, perhaps, was the change to the Competition Act that you passed last June, where the absolute maximum penalty—

5:45 p.m.

Conservative

Branden Leslie Conservative Portage—Lisgar, MB

I have a point of order, Mr. Chair.

I could offer clarity. It's NDP MP Charlie Angus's private member's bill, as I said.

Adam van Koeverden Liberal Milton, ON

I hope my time has been paused.

5:45 p.m.

Conservative

The Vice-Chair Conservative Dan Mazier

It has.

It wasn't a point of order, so go on with your questioning.

Adam van Koeverden Liberal Milton, ON

Thank you.

Thanks, Ms. Péloffy.

I'd like to ask Ms. Hubert the same question.