Mr. Speaker, Canadian industry can meet the challenge in reducing greenhouse gas emissions and remain competitive in global markets. INCO Limited is doing it and has established itself as an industry leader.
In 2001, INCO successfully reduced its greenhouse gas emissions by 8% from 1990 levels. In other words, the company has already met and surpassed Kyoto targets. The INCO experience clearly demonstrates that sound economic policy is not simply good public relations. It is good business with real benefits for the bottom line.
While reducing greenhouse gas emissions, the company has increased production, lowered energy consumption and remained competitive in global markets. As INCO officials readily admit, improving environmental policy has strengthened the company while making our environment safer.
I trust that the government will give credit where credit is due and properly reward industry leaders like INCO.