Mr. Speaker, my Conservative colleague says we will be so again, but we are actually going for government. We are fine to leave the Conservatives as the official opposition, which they are currently. I wish I could say they are an effective opposition, but they are not effective at all.
The reality is that we had an ability for clean energy to thrive in Alberta that was nixed by the premier of the province. I think, right across the country, people would ask why she would do that and hurt her own province. However, I will leave that debate to the Alberta legislature at another time.
Coming back to the United States, since President Biden was elected, there has been an announcement of $240 billion, a quarter of a trillion dollars, in new clean energy manufacturing investments. The private sector has announced $110 billion in clean energy manufacturing investments, including more than $70 billion in the electric vehicle supply chain and more than $10 billion in solar manufacturing.
We certainly see the reaction from Conservatives. They do not want to see these kinds of investments taking place in Canada, but the reality is that having a quarter of a trillion dollars in private sector investments in clean energy in the United States shows the incredible potential. According to a variety of estimates, the Inflation Reduction Act is estimated to be creating 1.5 million additional jobs.
I come back to the issue of Danielle Smith cancelling and basically stopping 33 billion dollars' worth of clean energy investment in Alberta and however many hundreds of thousands of jobs that would have resulted in. Again, it is a decision that makes no sense at all; Conservatives will have to explain why anyone would want to cut on something that could have been a real path for prosperity.
As a result of President Biden's plan, the U.S. is now on a path to meet the goal of cutting emissions 50% to 52% below 2005 levels by 2030, as well as reaching net-zero emissions by no later than 2050. I contrast that, of course, with the utter failures of the Harper government and the current government. Both have utterly failed in bringing down emissions. Canada has a very poor track record.