Madam Speaker, I rise today to highlight the incredible work being done right here in Canada and around the world on carbon capture and storage technology, CCS. CCS is being utilized to significantly reduce emissions created by power-generating stations and industrial emitters through the capturing and sequestering of CO2 underground.
This innovative green technology can be utilized by numerous industries, such as cement and steel, to drastically cut their emissions while also creating jobs. Indeed, many other countries have recognized the value of CCS. In September, the International Energy Agency released a special report, which is said to be the most comprehensive global study of CCS to date. It stated, “Carbon capture is critical for ensuring our transitions to clean energy are secure and sustainable”.
The government needs to make sure that Canada is providing the right incentives for industry investment when it comes to CCS. An investment in CCS is an investment in the future of Canada's environment and well-being.
My thanks to the Boundary Dam Power Station for being a great leader in this technology.