Madam Speaker, the climate crisis is here. Thousands of Canadians were evacuated from their homes in the worst wildfire season on record. Hundreds died in heat domes. Extreme weather is only getting more frequent and more severe.
If we want to have any hope of meeting our climate targets, we must implement a strong emissions cap on the oil and gas industry. In Canada, despite accounting for just 5% of Canada's economy, oil and gas is responsible for over a quarter of Canada's emissions, more than any other sector.
Despite the greenwashing that we hear from industry lobbyists, from their friends in the Liberal Party and from corporate-controlled Conservatives, oil and gas emissions are increasing year after year. The oil and gas sector's expansion has gone unchecked in Canada, and there have been no limits on how much pollution they are allowed to create.
A strong cap on emissions would be that limit. The Liberals promised to deliver a cap on emissions but, instead, they continue to delay and disappoint. It is time to hold the oil and gas sector accountable for the fact that they are fuelling the climate crisis. It is not like they cannot afford it. Oil executives are raking in record profits, while everyday Canadians are struggling to make ends meet.
If the Liberals wanted to stop pretending to be a climate leader and instead take real climate action, they would stop listening to oil and gas CEOs and implement a hard cap on emissions, one without the loopholes and delays that the oil and gas lobbyists are pushing for.
A hard cap would be aligned with the Paris Agreement of keeping global warming below 1.5 degrees Celsius. It needs to be enforceable, and a hard cap on absolute levels of emissions; no loopholes and relief valves that let companies off the hook. This means emissions reductions would need to happen within the sector, not through purchasing offsets for reductions elsewhere. Companies should only receive credit for proven reductions, not hypothetical reductions based on speculative technologies.
A strong emissions cap needs to include strong enforcement measures. Penalties and fines have to be significant enough that they actually deter or change behaviour rather than simply allowing companies to internalize small fines as the cost of doing business and continuing with business as usual.
We need to look at compliance mechanisms that are not financial, things like mandated production cuts or the use of the criminal powers under CEPA. It also must uphold indigenous rights. We need to ensure that the rights affirmed in the United Nations Declaration on the Rights of Indigenous Peoples continue to be upheld within the emissions cap, including securing indigenous peoples' free, prior and informed consent for energy development in their territory.
The Liberal government needs to get serious about prioritizing our health and our future over the profits of rich CEOs. We cannot afford a weak emissions cap that does not hold the oil and gas industry accountable.
My question to the member is this. When will the government stop delaying and start keeping some of its climate promises? When will we see a cap on emissions?