Evidence of meeting #13 for Industry, Science and Technology in the 39th Parliament, 2nd Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was services.
A recording is available from Parliament.
10:45 a.m.
Senior Vice-President and Chief Economist, Conference Board of Canada
—is that you put a price on all the byproducts of an activity, and that includes carbon and greenhouse gases. We believe very strongly that we need to build that into our tax system--or by tradeable permits--and establish a price for greenhouse gases and carbon. That would fundamentally change our behaviour in our investment patterns.
It'll be a challenge for the oil sands—
10:45 a.m.
Senior Vice-President and Chief Economist, Conference Board of Canada
Other jurisdictions around the world are doing that now. Countries in northern Europe, for example, have made huge progress in factoring the price of carbon into their decision-making as they produce energy and as they redesign their economies. We are in a little bit of a catch-up mode, but I want to do it in such a way that we can actually sustain wealth creation in Canada.
10:45 a.m.
Conservative
The Chair Conservative James Rajotte
Thank you. Thank you very much.
Members, we are going to end a little early. We do have to do some business in camera.
At this point I want to thank the witnesses very much for their presentations, for being here with us today, and for answering a number of substantive questions from all sides. I want to thank you.
We're going to suspend, members, for a couple of minutes and say goodbye to our witnesses. Then we'll come back and go in camera in about two minutes.
[Proceedings continue in camera]
