Madam Speaker, I thank the member for Kingston and the Islands for pointing out my stumble.
I am pleased that the Minister of Finance has followed our lead in applying an investment tax credit for carbon capture utilization and storage, one of Canada's most tangible opportunities to reduce our greenhouse gas emissions. A 90-day consultation period has been announced. I encourage the government to consider the benefits associated with enhanced oil recovery as part of that strategy, as it is in the United States, and to move toward an environmental strategy that halts the flow of jobs and investments, including technological advances like carbon capture, to foreign jurisdictions, with no positive effect on the environment.
Canada needs regulatory certainty, particularly regarding our environmental objectives. Having a carbon capture strategy that moves jobs and investment to our largest trading partner is not a viable environmental strategy for Canada. I encourage the Minister of Finance to get this right so it actually results in effective policy.