Thank you.
Canada can choose to be a leader in the global energy transition, or we can decide to do nothing and just hope for the best.
In my own province of British Columbia, we have seen the impact of climate change. If we choose to do nothing, the costs will be immense. Just recently, the Bank of Canada published a report showing that the cost to our economy could represent one‑tenth of our GDP, or more. That would be the consequence of doing nothing.
The emissions reduction fund is one of the many tools at our disposal to combat the increase in emissions. Over the years, we anticipate that those projects will eliminate 30 megatonnes of CO2.