Mr. Speaker, is this not a fascinating debate? I listened for 11 hours to my colleague across the way, the member for Red Deer, and now I hear his caucus colleagues using a false logic that, in my view, defies explanation.
I hear my colleague opposite talking about the regulatory regime that is coming into place in the United States and I hear him talking about incentives that are happening in the United States. These are the very instruments that we will use in Canada to help reach our greenhouse gas emission reductions under Kyoto and yet he uses that as an excuse to say that we ought not to ratify Kyoto when Canadians understand why we need to ratify. Quite frankly, Canadians like to breathe. They realize by reducing greenhouse gas emissions we will have better air quality, and it speaks to more than just CO
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Our plan targets 35% ethanol and gasoline supply. This is good for farmers. The member opposite himself said that. We will stimulate new income sources for farmers as well as other sectors. For example, corn and wheat account, respectively, for 73% and 20% of the current feedstock for ethanol production. Our plan's 35% target for ethanol and gasoline will create a demand for 150 million additional bushels of corn to produce the necessary ethanol.
My hon. colleague says that we do not need regulation and that we will not be able to bring in enough incentives. Those are the kinds of arguments I hear him using for not ratifying Kyoto, when the very fact that if we look right across Canada, whether it is the Ballard Power Systems, Shell Canada or TransAlta, companies that he--