Mr. Speaker, climate change represents a real and growing threat to Canada's economy. It threatens our forestry, fishing and agricultural industries, worth over $50 billion. The unabated growth in greenhouse gas emissions will lead to more frequent and severe weather events costing billions of dollars for all Canadians.
The government recognizes the nature of the threat and is committed to having an action program in place on greenhouse gas emissions by 1995. Furthermore, Canada is committed to table its plan. A draft report on options for such action will be before the Canadian public. Consultations are being held this week and next week and comments collected then will be incorporated into the report.
Once a credible program for stabilization is achieved the government will work with urban and provincial governments with the aim of reducing emissions. Climate change represents a tremendous opportunity for Canadians to propose creative and credible solutions. Our children's children are looking to us. Let us not let them down.