Mr. Chair, it is essential that all of our investments contribute to Canada's long-term prosperity and environmental well-being. Our eco-energy investments will have long-term benefits. Improving energy efficiency, whether in our homes, buildings or vehicles does not result in a one-time reduction in energy costs, but as savings that will continue year after year. It puts more money in our pockets, reduces costs and increases the competitiveness of business and industry. The emissions reductions will also continue year after year.
Our investment in increasing our supply of renewable energy and renewable fuels is generating economic activity and creating jobs now.
We are also setting the foundation for a new clean energy industry that will provide more jobs and more clean energy for Canada in the future. Our investments in technology are advancing our understanding of exceptionally promising technologies, such as carbon capture and storage technologies that will allow us to minimize the environmental impact of producing and consuming fossil fuels.
This is essential to our long-term energy, economic and environmental security. This is the focus of everything we do as government to position Canada for long-term growth and sustainable prosperity for future generations to come.