Mr. Speaker, I congratulate the Minister of Finance for introducing measures in the budget that will place renewable fuels on an equal footing with non-renewable fuels.
The developers of renewable fuels recognize that fossil fuel reserves are being depleted and sustainable solutions for our future energy needs have to be found.
Renewable fuels like ethanol and bio-diesel provide important economic stimuli in many areas of the country, including Oxford. This measure is good for renewable fuels, good for the environment and good for Canada.
The government has not extended any special powers to the renewable fuels industry, it has just levelled the playing field with the oil and gas companies. Renewable fuels never needed a special break, they just needed an even break.
I applaud this move which will keep Canada in the forefront of environmental and energy technologies.