I would like to thank you, Mr. Chairman as well as my committee colleagues.
I will start by presenting my motion to reinstate the wind power production incentive.
In this committee I think we're pretty familiar with these programs, Mr. Chairman. The two that I'll speak to today were dismantled, frozen, or put into limbo by this government.
The wind power production incentive program was designed to encourage the use and development of wind power projects in Canada, something I think is very important.
In light of the fact that wind energy is developing quickly in Canada and that it will be one of the main part of our efforts to diversify our sources of energy over the next 20 years, this is not the time to freeze or cancel such an important program.
The Liberal Party and the Liberal government recognize this fact. That is why, in the 2005 budget, we made a commitment to expand the wind power production incentive by quadrupling the previous program and promising $200 million over five years.
The private sector is very receptive to this and the comments from industry regarding the program have always been very positive.
Mr. Chair, the recent report of the Commissioner of the Environment and Sustainable Development stated that the wind power production incentive has stimulated investment. The commissioner goes on to say that there was broad-based support for the program from provincial governments, companies, and utilities. Further, and thanks in part to this program, the Canadian wind energy industry has shown impressive growth with an annual average increase of more than 30% for the last five years. A recent report shows that wind energy firms are optimistic about future growth.
With the proper support and development, wind energy could easily meet 20% of Canada's total electricity needs, based on an initial target of 10,000 megawatts, by 2010. Experience in other countries such as Denmark and Spain is clearly demonstrating that wind energy can make substantive and significant contributions to total electricity supply.
The decision by the Minister of Natural Resources, Mr. Chairman, to freeze further funding for this program is imperilling this important industry and is imperilling many jobs and investment. For example, every one megawatt of installed wind energy capacity in Canada generates $1.5 million in investment and creates 2.5 direct and 8 indirect person-years of employment. If 5% of Canada's electricity was generated by wind energy by 2015, such development would produce $19.5 billion in investment and create 32,500 direct and 104,000 indirect person-years of employment.
Therefore, given that this program was being utilized and was effective, and given that we all recognize that wind energy is an important component in Canada's future power supply, we must, in my judgment, immediately reinstate this program. With the support of the committee, I would ask that the Minister of Natural Resources do so immediately.
Shall I present the second motion, Mr. Chairman, or would it be better to discuss the first one first?