Thank you, Mr. Chair.
While some carbon capture or some carbon removal will be needed to reach net zero by 2050, the IPCC has said that carbon capture and storage is one of the least effective and most expensive options to address the climate crisis. This committee also heard in its last study on fossil fuel subsidies that carbon capture should be reserved as an option of last resort to reduce the emissions intensity of heavy industry sectors that are hard to decarbonize, such as concrete and steel. We heard that from a number of witnesses.
What rationale is there for the emissions reduction plan, released this spring, to rely so heavily on carbon capture, with relatively little investment in renewable energy in comparison?
What proportion of the $8-billion net-zero accelerator fund will go towards carbon capture technology?