Thank you so much, Chair.
I will begin from the top. As someone who has spent my career in opposition, I'm well used to committees having their work schedule thrown out of whack by legislation, which bumps other considerations.
We have two pieces of legislation that have been referred to us over the last two weeks, Bill C-50 and Bill C-49. It is essential that we get to them quickly.
In terms of Bill C-50, we had 26 meetings with 64 witnesses in the preparatory study that led up to the legislation. If you add the emissions cap study, that was 21 meetings and 53 witnesses. The emissions reduction fund was nine meetings with 16 witnesses. On energy issues, that totals over 133 witnesses, 56 meetings, over 112 hours of meeting and analysis, so I think we are all very well placed to deal with Bill C-50.
I'm willing to bring forward our witnesses but I do believe that at the end of the day we have to move this because what we learned over many months of studying this is that the world is moving dramatically fast past us in terms of a clean energy portfolio. Half the world is now past peak fossil fuel generation for power. It is going to be peak CO2 emissions in 2023 and then start to dramatically put down. In 2022, imagine this: The investment in clean tech matched pretty much dollar for dollar oil, gas and coal, and that was for the first time. Within less than a year, clean-tech investments have almost doubled that of oil, gas and coal.
If we don't move with a sense of urgency, we are going to be left behind. We cannot allow the sabotage to the Canadian economy, what Danielle Smith has done to the Alberta economy. The Americans are moving dramatically fast. The Chinese are moving. The Europeans are moving. We need to be competitive or we are going to lose out, so the longer we dither and delay and obfuscate, the more Canadian workers are going to lose out.
We've been hearing from Canadian workers again and again. They want this plan in place. There is a sense of urgency that we need to get moving on.
I would agree with my colleagues to move to Bill C-50 first, then move to Bill C-49, which is important. We see massive investments from the Biden administration on offshore Atlantic. We need to be able to compete or we're going to lose out.
I would say that at this point we have an obligation to the Canadian people. We have an obligation to workers and people who are expecting us to deliver. We have an obligation to start setting the stage for the future Canadian economy because this global capital movement of investment is moving and either Canada is going to be at the game or we're going to be left out, and we can't afford that.
I am ready to move on this. I'm ready to sit down and get the work done as soon as we can and get these bills passed. The New Democrats will be there. We will be bringing our witnesses. We'll be bringing our amendments and we're ready to get this job done.
Thank you.