Mr. Chair, the Government of Canada is investing up to $1.5 billion to increase the supply and availability of clean, renewable fuels such as ethanol and biodiesel.
The ecoenergy program for biofuels provides incentives for development that will stimulate the production of renewable fuels.
Compared with gasoline, grain-based ethanol can reduce greenhouse gas emissions by up to 40% on a life cycle basis. For biodiesel, the emissions reduction can be as much as 60%. The coming regulation for renewable content in gasoline alone could reduce Canada’s annual greenhouse gas emissions by four megatonnes.
Can the minister tell us more about the ecoenergy program for biofuels and what investment is being made in Quebec?