Mr. Speaker, the world just marked Earth Day and Canadians understand that climate change is an existential crisis. However, our actions have not met our aspirations or the urgency required. We must significantly reduce our fossil fuel usage.
A clear majority of Canadians want the oil and gas sector to do its fair share. Oil and gas accounts for just 5% of our economy, yet is responsible for 26% of Canada's emissions. That is more than any other sector.
To meet our targets, Canada must reduce emissions 60% below 2005 levels by 2030. Done right, this transition will lower household energy costs, create more sustainable jobs and allow us to reach our climate targets for the first time in history. To do so requires a hard legislated cap on oil and gas emissions in Canada.
I urge the government to hold the oil and gas sector to these necessary and urgent targets. Our planet's health and that of all species living on it depend on it.