moved for leave to introduce Bill C-262, An Act to amend the Income Tax Act (capture and utilization or storage of greenhouse gases).
Madam Speaker, every environmental report that addresses the concept of how we mitigate greenhouse gas emissions speaks strongly to the necessity of carbon capture, utilization and storage. The reason is simple. All human activity results in greenhouse gas production. Capturing that output and using it effectively is the only real path forward.
The bill I present today brings forth the means to incentivize carbon capture, utilization and storage by working with Canada's strengths, which are its world-leading environmental industries.
This will set a new path for Canadian businesses in the fight against global warming. Like all Canadians who will benefit from advancing technologies, I ask everyone here to join us in building a better strategy to achieve our environmental targets.
(Motions deemed adopted, bill read the first time and printed)