Mr. Speaker, the benefits of the ethanol industry in this country are clear. Ethanol can eliminate over 30 megatonnes of greenhouse gas emissions. It will generate over $1.5 billion in new investments. It will create new markets for 100 million bushels of wheat. It will generate 2,000 new jobs.
This year alone the United States has built one ethanol plant per month, while in Canada only one plant has been built in 10 years.
Would the finance minister make a one time commitment of $400 million over the next eight years to kickstart this industry in Canada?