Madam Speaker, the essence of sustainability, in many ways, goes back to the concept that comes to us from the Iroquois Confederacy of making decisions on to the seventh generation when we think about what we are doing, and today we are thinking long term. Our economic theories tend to discount the future, and it is hard for us to think about what it means to future generations because they are not right here in front of us.
At a minimum—and this goes back to the Brundtland commission report, “Our Common Future”—the idea was that the decisions we make today should meet our own needs, while at the same time ensuring that we do not compromise the ability of future generations to meet their needs.
The kinds of things that exemplify sustainability, for instance, are projects that ensure we are replanting as many trees as possible, or ensuring that we do everything we can to suck carbon out of the atmosphere by replanting the mangrove forest of the planet. We have removed about a third of the mangrove forest.
We are doing everything we can to get fossil fuels out of our electricity system. Decarbonizing electricity is a key goal. One of the things we could do, if we are throwing around $4.5 billion, is to use it to build an east-west electricity grid to green up our electricity sector.