Madam Speaker, it is always wonderful and an honour to rise in this most honourable House to speak on various pieces of legislation. I am honoured to stand in the House tonight, on the unceded territory of the Algonquin Anishinabe peoples, to emphasize the importance of Bill C-49 and the offshore wind industry.
The global industry is rapidly expanding, and it is crucial that the government seize the opportunity it presents to Canada, including in the provinces of Nova Scotia, and Newfoundland and Labrador.
Last fall, the executive director of the International Energy Agency said that “of all the power plants built in the world, more than 80% is renewable electricity. And this is not coming only from Europe, it is coming from China, India, Latin America, United States. It is a big move. So it is feasible to have a tripling of renewable capacity in the next seven years.” Investors around the world are racing to develop clean energy sources, including in the offshore wind industry. This represents a $1-trillion economic opportunity globally.
That brings us to Bill C-49. With this legislation, Canada has a chance to demonstrate to domestic and international investors that we are completely committed to the growth of the low-carbon economy, and to ensure it is Canadian workers who can seize this opportunity. When putting together this bill, the government worked closely with its provincial partners in Nova Scotia, and Newfoundland and Labrador, who fully support Bill C-49.
In collaboration with the provinces and their respective premiers, the government worked collaboratively with Nova Scotia, Newfoundland and Labrador, and found consensus and moved forward with Bill C-49.
Andrew Furey, the Premier of Newfoundland and Labrador, who is on record talking about his support for this particular piece of legislation, said, “The possibilities for renewable energy are endless in our province, and I look forward to this significant step forward in achieving our shared goals and diversifying the economy.”
Nova Scotia's Progressive Conservative government has also vocally supported this legislation, calling it necessary. It is therefore shocking that the federal regressive Conservatives are holding back this vital piece of legislation that would benefit Nova Scotian communities, and that includes benefiting indigenous communities.
Attending a committee hearing on this legislation, Chief Terry Paul of the Membertou Development Corporation of Nova Scotia stated, “Traditionally, indigenous Canadians were not invited to participate in major industry projects. I am proud to say that is changing. When we all work together, great things happen. We truly believe that an offshore wind industry can coexist with other industries in a sustainable manner.”
Outside of our provincial partners, this legislation was also influenced by meaningful engagements that were carried out with many stakeholders who contribute to Canada's success every day, such as fishers, the energy industry and environmental groups. We will continue this engagement and seek feedback as we work toward the implementation of the legislation.
During the committee process, we worked across the aisle and strengthened the legislation in consultation with both provincial governments that need to pass identical, mirror legislation. I would like to speak briefly to those amendments right now.
The amendments strengthen this legislation. The amendments enable specific clauses related to the Impact Assessment Act in response to the Supreme Court of Canada's October 2023 decision. The amendments also reaffirm federal and provincial governments' joint commitments to considering the impacts of offshore energy projects on fisheries.
I can assure members that, unlike the official opposition party, the Conservatives, who mismanaged the offshore and tried to rip up major investments, this Liberal government has great respect for the fishing industry and it is our intention to continue to support this sector as Canada's renewable energy industries continue to grow.
More specifically, the fishing industry-related amendments would add a new paragraph to the two Atlantic accord implementation acts, reaffirming the need to consider the effects on fishing activities during the land tenure process. These amendments recognize the potential impacts that offshore renewable energy projects could have on fishing, and we take this very seriously.
Lastly, on the amendments, the government made a few administrative adjustments, in consultation with our provincial partners, which would improve general consistency and clarify agreements with regard to boundaries.
The amendments made at committee stage have the full support of both Nova Scotia and Newfoundland and Labrador. It is time for us to move forward with this legislation and unlock the potential of the Canadian offshore wind energy industry. The longer that Parliament waits to designate a new regulatory body for permitting offshore wind, the more opportunities Canadian workers will miss out on.
Major offshore wind projects are already being developed in the North Sea and on the American east coast, attracting significant investment. Countries like the U.S., Taiwan and several European nations, including Poland, are making significant progress in the offshore wind industry. France recently increased its goals for deploying offshore wind farms, while Ireland has published its national plan for offshore renewable energy. The global scenario is evolving rapidly, and Canada cannot afford to wait.
Costs are coming down. The price of electricity generated by offshore wind has dropped significantly. The cost curve, as we say in economics, is broken, making it more affordable. Countries like Germany, the Netherlands and Japan have all expressed interest in buying clean energy, including hydrogen, from Canada. Germany and the Netherlands have put their interest in writing, including through the Canada-Germany hydrogen alliance, an exciting alliance.
Canadian businesses are more than ready to get involved when Canada is ready to launch this industry. They are already investing in offshore wind projects abroad and are eager to participate in the industry domestically. One Canadian company, Northland Power, is currently building offshore wind off Poland.
To be clear, this bill is about establishing the legislative and regulatory framework so that an offshore wind industry can be developed in Nova Scotia and Newfoundland and Labrador. It is the catalyst. Central to this bill is the establishment of regulatory bodies for this industry using boards that are already in place to oversee oil and gas activities in the Canada-Nova Scotia and Canada-Newfoundland and Labrador offshore areas. They have both indicated they are ready to change their name and enact a broadened mandate. They are more than ready to get the job done, as both have decades of experience in offshore energy regulation to ensure all legal and regulatory criteria are met.
Other allied nations such as the U.K., Denmark, Norway and the U.S. have gone before us in this type of strategy and have incorporated offshore wind into the authorities held by existing offshore petroleum bodies. Unfortunately, the climate deniers in the Conservative caucus are willfully ignoring the opportunity for communities across Atlantic Canada. Their tactics are aimed at delaying the passage of this bill, which means risking a greater portion of the trillion-dollar industry that is at stake.
As the government strives for a future that is focused on generating and using increased amounts of renewable energy so that we can stand up to climate change and create thousands of jobs, there is no reason to turn down Bill C-49. The fact is that the only roadblock to unlocking massive new economic opportunity for Atlantic Canadians is the Conservative Party of Canada. Just like its ideological opposition to EV manufacturing in Ontario, solar development in Alberta or even investments in natural disaster response, it is clear that the Conservatives will always vote against any measure that is related to fighting climate change, which is a shame, even when it has a clear and significant economic benefit. Unfortunately, the Conservative leader would rather sit back and watch the planet burn while investment and opportunities pass us by. It is baffling and, yes, shameful, but not surprising.
On this side of the aisle, we are rolling our sleeves up and getting to work. It is time to pass this bill so we can get to building the Canada we know exists. It is out there.