Mr. Speaker, I would like to begin by paying tribute to the member for Timmins—James Bay for all the work he has put into Bill C‑49. He pushed hard for a transition to clean energy. I think that his work should be recognized by the House.
We support Bill C‑49 because we finally see the Liberals taking the first small steps toward clean energy. Anyone who travels outside Canada can see how other countries around the world are investing in clean energy. They see that things are beginning to change in Asia. They see things are beginning to change in Africa. All anyone has to do is fly over Europe and the North Sea to see all of the wind power projects making a huge difference.
I visited the island of Samsoe in Denmark. The government of Denmark is making the necessary investments in clean energy. The island of Samsoe has converted all of its heating and electricity, and has almost finished converting its transportation system. Everything works on clean energy.
In the United States, with President Joe Biden and the Inflation Reduction Act, there are successful investments everywhere. The potential for Canada is enormous. When we look at the U.S. market, where states and municipalities are demanding clean energy, we can see the potential for the production of clean energy in Canada.
What we have is a grid that has not been set up, as some European grids have, to be able to include the potential of clean energies from a variety of sources. Scandinavia and Germany have already converted. Canada lags far behind.
There is work to be done. That is why the NDP and our entire caucus supports Bill C‑49. We can see the potential, and we think it is important to make these investments. This bill is a first step toward this clean energy potential. We need to see leadership on the part of the federal government in this area so that we can have clean energy projects across Canada.
When the member for Burnaby South becomes prime minister, we will have a New Democratic government and we will see the difference. We can make the transition that other countries are already engaged in.
Bill C-49 would modernize the Atlantic accord acts, notably by establishing a framework for the development and regulation of offshore renewable energy projects in both provinces, Nova Scotia and Newfoundland and Labrador, and their offshore areas. Currently, the Atlantic accord acts implement agreements between Canada and these two provinces on the joint management of offshore petroleum resources.
Under the proposed bill, regulatory authority for offshore wind power would be granted to the two existing jointly managed offshore boards that are currently exclusively responsible for regulating offshore oil and gas projects: the Canada-Nova Scotia Offshore Petroleum Board and the Canada-Newfoundland and Labrador Offshore Petroleum Board. They would effectively be put in place as regulators for offshore wind power.
This is extremely important, because we know that there is much to do in terms of putting in place all the foundations for renewable energy sources, which can be a powerful driver of Canadian prosperity in the years to come. We have unlimited potential right across the country. I think of Alberta and Saskatchewan, where we could ultimately be seeing powerhouses of solar and wind power.
The export of renewable energy could make a profound difference, particularly because so many American states and cities require renewable energy as their feedstock. They simply will not accept energy that is not renewable. We need to modernize our grid and make these investments. We have seen, both under the previous Conservative government and the current Liberal government, no investments in any meaningful way to modernize our electrical grid to allow for the import of renewable energy. We have seen, quite frankly, a couple of decades of stagnation when it comes to renewable energy. New Democrats support the bill because it is a first step forward, but there is much to do.
The reality is that we are seeing investment moving into clean energy. This is vitally important. There are energy workers in Newfoundland and Labrador and Nova Scotia; we cannot leave them behind. We need to make sure we put in place the investments that allow for offshore wind projects for which energy workers could use their enormous skills. Having been an energy worker and having worked at the Shellburn refinery in Burnaby, B.C., which is now closed, I can say that the skills of workers in the energy sector are enormous. If we are to really capture the immense potential that comes from renewable energy, we need to make sure we pass legislation such as this, as well as making the powerful investments that are so important and that other countries have made in order to ensure incredible prosperity.
During the hearings, the member for Timmins—James Bay said very clearly that strong concerns had been heard from fishers about ensuring that any new developments respect the fragile nature of North Atlantic fisheries. New Democrats share their concerns, as the member for Timmins—James Bay said so eloquently. We urge the provinces to work with the stakeholders to ensure that any new projects are developed with the recognition of the need to protect the fisheries. This is vitally important.
We know that we need to catch up with other countries. I will give two examples. Off Rhode Island, there is a new wind farm that is going to provide energy for a quarter of a million homes. That is as a result of President Joe Biden's leadership in making the investments for clean energy. Twenty-seven other major projects in the United States are on track to be completed by next year, 2025. For example, the Vineyard Wind project is creating enough power for 400,000 homes.
Atlantic Canada, with its high energy costs, could become a world leader in low-cost energy, including wind and green hydrogen. However, the reality is that we have not seen from the Liberal government, as we did not see from the Conservative government before it, any real effort to provide the kinds of frameworks and investments that are so important for building those massive opportunities in offshore wind.
There was a promise from the Liberals to put in place investment tax credits to kick-start clean energy. That was last year, and the credits are still nowhere to be seen. Investment is still flowing south, and we see Canadian companies looking to partner in the United States now, where investment is guaranteed. The reality is that we have CAPP holding meetings with the government to continue to get subsidies for the oil and gas sector, but for energy workers who are interested in the potential for clean energy, there are no opportunities being presented to them. This is because of the fact that the government has not acted, in the same way as the Conservative government did not act before it. Therefore, what we need to see is a federal government willing to step up.
In Alberta, there was incredible potential. My colleagues from Edmonton Strathcona and Edmonton Griesbach would agree that there was immense potential. I believe there were $33 billion in clean energy projects in line to be built. Clean energy has immense potential in Alberta. However, the premier, Danielle Smith, basically put a hold on all those projects. Why would anyone do that when there is potential for enormous growth?
Alberta could be the clean energy powerhouse of the planet. Why would the premier basically halt $33 billion in clean energy projects? It makes no sense at all.
Under the Harper government, we saw a hatred of clean energy. The one program it did put in place regarding home renovations was so oversubscribed that, basically, the government abruptly cancelled it. In the years following, when I was the energy critic, as the NDP was the official opposition at the time, I went across the country—