Madam Speaker, I will be sharing my time today with the member for Kings—Hants.
Nine years ago, under the Conservative Party, Canada used to be one of the worst performers. Organizations such as Climate Action Tracker now recognize that Canada's plan is credible and transparent. The latest UNEP gap report says that Canada has the first comprehensive road map for how to achieve the 2030 target. This was unthinkable nine years ago. Our government has put forward very ambitious measures.
International groups have noted that, at the end of 2022, Canada followed through on our commitment to end international public finance for fossil fuels; in addition, we have put forward some of the most ambitious regulations, with the goal of reducing oil and gas methane emissions by at least 75% from 2012 levels by 2030. Building on the actions of millions of Canadians, our government continues to take action to reduce emissions and to fight climate change while strengthening our economy with good jobs and clean industrial growth, making a healthy environment for all Canadians.
First, let us talk about progress. According to the Canadian Climate Institute, since 2005, Canada's emissions have dropped by 8%. Canada's emissions are at their lowest point in 25 years, and we are on track to meet our 2026 interim goal and our 2030 goal. At the same time, our economy is growing, inflation and interest rates are all coming down, and we continue to put forward some of the most ambitious climate regulations in the world.
We are capping pollution, not production, for the oil and gas sector, which is a critical step toward fighting climate change while requiring investments in decarbonization. Estimates show that, if we still had the previous Conservative government, Canada's emissions would have been 41% higher by 2030. That is the equivalent, in terms of pollution, of adding another 69 million cars to our roads in Canada. The leader of the Conservative Party of Canada wants to slash legislation protecting our environment. He wants to allow Canada's largest polluters to pollute without limits and drive up the costs of climate change. We cannot let that happen. No sector is deserving of unlimited pollution.
First, let us talk about Canada's 2030 emissions reduction plan. It is a sector-by-sector path for Canada to reach our emissions target of 40% below 2005 levels by 2030 and net-zero emissions by 2050. The plan was introduced in 2022, and it reflects input from over 30,000 Canadians, provinces and territories, indigenous peoples, industry and Canada's independent net-zero advisory body.
Since 2016 our government has been continuing to make historic investments in clean growth and climate action.
Pricing pollution is an integral part of Canada's climate plan; it is a carbon pollution policy that makes life more affordable while growing a clean economy by providing money up front to families. The Conservative Party of Canada does not want to talk about the fact that the carbon price is attracting new investments and creating jobs right across Canada. As a direct result of our climate action, Dow Chemicals is creating over 8,000 jobs and investing $11 billion in Canada to build a manufacturing plant. The president of Dow Chemicals said, “Canada has market-based carbon pricing.... That was an essential piece for us to decide to invest [there]”.
Pollution pricing is estimated to contribute about a third of the emissions reductions achieved so far under Canada's 2030 emissions reduction plan. There is a reason that countries around the globe are implementing pollution pricing systems. That is because it works. I will give us a few examples. The entire EU has created a cap-and-trade system, which is working really well. Their credit prices are now at €70 a tonne, which is about $103 Canadian, and that is considerably higher than the $80 a tonne that we have it set at right now.
Many EU countries, including Finland, Switzerland and France, also have a separate price on pollution. South Africa has carbon pricing. New Zealand has cap and trade, with prices at $50 a tonne. Despite what the Conservatives say, some of the largest economies in the United States, such as California, New York and Washington state, have carbon pricing as well.
Our ERP includes over 140 programs, policies and regulations to help Canada bend the emissions curve. They include phasing out inefficient fossil fuel subsidies, adjusting the Canada carbon rebate amounts in line with the price on pollution, and ensuring that the rebate continues to reflect the projected proceeds in each province where the fuel charge applies. A 20% rural top-up is available for households in rural areas and smaller communities across Canada. They also include cleaner fuels to power our vehicles and industries, increasing the supply of zero-emission vehicles and energy so that more Canadians can make the switch to cleaner and cheaper vehicles to operate. We are also adding more clean and reliable electricity to help our economy remain competitive. In addition, we are releasing Canada's methane strategy to cut emissions right across the economy.
While reducing our emissions is important for our environment, it is also very important for our health. I would like to highlight the very good work of the Canadian Association of Physicians for the Environment. I met with them for the first time a couple of years ago, when I was parliamentary secretary for health, and they highlighted a really incredible program called PaRx, as in park prescriptions.
Physicians, in association with the BC Parks Foundation, gave out prescriptions for time outside as a method of improving people's health. They were also doing some advocacy about fossil fuel regulations. However, when we started talking about this incredible intervention to get more people outside, it sparked my interest. I love going outside, and as parliamentary secretary for health, it was really incredible.
Just yesterday, after about a year of work and meetings, I introduced all of these groups. BC Parks Foundation, my local conservation authority, Conservation Halton and Halton Healthcare were there and we announced that Halton Healthcare would be the first hospital consortium in Canada that had PaRx prescriptions available. The healing power of nature is available to constituents across Halton Region now because of the great work of the Canadian Association of Physicians for the Environment and the BC Parks Foundation.
I want to thank all parties involved.
Next, I would like to talk about the investments for the clean renewable pathways program. That includes $50 million for the Bekevar Wind Farm in Saskatchewan, which will generate enough clean electricity to power over 100,000 homes. There are $50 million for the Oneida energy storage project in Ontario, which will help reduce Ontario's emissions by 1.2 million tonnes. There are over $12 million for the Enterprise solar project in Alberta, which is in construction and will create over 900 jobs. There are also $2.5 million for the Lac-Mégantic in Quebec to help support its net-zero microgrid.
Canada has now beaten China, and we are now the first in the world with respect to the most promising EV battery manufacturing economy. Our investments in the clean economy and our environmental plan will add an additional 400,000 jobs to the clean economy, according to the Canadian Climate Institute. Also, $48 billion are added to our economy with 250,000 jobs in the EV supply chain alone, according to the Royal Bank of Canada. In Ontario, Volkswagen is building its largest EV battery facility ever, creating over 30,000 new jobs, an incredible number for that community.
In Alberta, Air Products is investing $1 billion to build a hydrogen facility, creating 200 new jobs. In Newfoundland, Braya Renewable Fuels is converting Come By Chance's oil refinery into a renewable diesel facility, creating 200 full-time jobs and 800 during its construction phase. In addition to that, the Awasis solar project is a 10-megawatt solar power project receiving $18.5 million in funding. It is creating clean power and good jobs near Regina, Saskatchewan.
All parts of the economy have important roles to play in meeting Canada's 2030 climate targets, from transportation to the oil and gas sector to heavy industry, construction and buildings. Everyone must do their part. As I said earlier, no sector across Canada's economy should be entitled to unlimited pollution.
Measures like the proposed pollution cap are crucial in addressing emissions from Canada's highest-polluting sectors. It also encourages sectors to reinvest in clean energy products that will cut pollution and create new jobs in Canada. Canada has shown that we can reduce our emissions while growing our economy and supporting Canadians by creating new and sustainable jobs in emerging sectors, driving innovation and environmental protection, providing economic opportunities for Canadian businesses right across the economic spectrum and increasing investments in clean energy projects.
All of these investments are skating to where the puck is going, not to where the puck has been. That is why we are strong progressives. That is why we believe in taking action and meeting the moment in Canada and across the world. We cannot stop now. We need to continue to push forward for our environment, our future, our kids and grandchildren and future generations of Canadians. Earthlings are counting on us.