Madam Speaker, it is a pleasure this evening to be answering a question from the member for Calgary Rocky Ridge, who is a former classmate of mine from the University of Calgary.
I also very much welcome the opportunity to once again clarify how having a price on carbon and making sure that it is no longer free to pollute is the most effective way of addressing climate change, curtailing its devastating effects on both the health and safety of Canadians, and preserving Canada's natural beauty.
Canadians deserve measures that address the significant cost of climate change while making life more affordable for Canadians and that is exactly what our government is putting forward.
We know from experts and research that the most effective and efficient way to address climate change is to put a price on carbon pollution emissions, which are the chief cause of man-made climate change. It encourages savings across the economy while giving households and businesses the flexibility to decide when and how to make changes. It creates incentives for Canadian business to develop and adopt new low-carbon products, processes and services, and it is both effective and affordable for consumers. That is because the bulk of proceeds from the price on carbon pollution goes straight back into the pockets of Canadians in provinces where the fuel charge applies, with eight out of 10 households in these provinces continuing to get more money back through their quarterly climate action incentive payments than they pay as a result of the federal pollution pricing system. In provinces where the federal system applies, a family of four can receive up to $1,500 a year under our plan.
Our government understands that we need to maintain the price signal that is necessary over the long term for carbon pricing to work and bring emissions down. However, at the same time, we have also shown that we are willing to be flexible and innovative in supporting options that will go even further to cut down on climate pollution in the long run.
We have taken temporary, targeted measures to suspend the tax on home heating oil to encourage consumers to switch from using home heating oil to using a cleaner, much more affordable solution that will allow them to save thousands of dollars and reduce carbon emissions in the long term.
Measures such as this will make life more affordable in the right way while supporting the goal of achieving a prosperous, low-carbon future for all Canadians.