Madam Speaker, Canadians expect a government that protects affordability and secures their future and their children's future, not one or the other.
The opposition paints climate action as a bill Canadians cannot afford, but what Canadians cannot afford is inaction. Climate-driven droughts, wildfires and storms are already disrupting our supply chains, our agricultural sector and our communities. Those events raise costs more than the climate solutions we are putting in place.
Let us be clear: Climate action is not a luxury; it is an economic necessity. When we talk about costs, we need the facts. The opposition suggests that cancelling the clean fuel regulations would magically lower grocery bills or fuel costs. That is wishful thinking. Prices today are being pushed by global energy volatility, supply chain pressures and corporate pricing power. Eliminating climate policy does not make world oil prices drop.
The clean fuel regulations have helped drive tens of billions in investments across Canada in projects such as low-carbon fuels and carbon capture and storage. These projects support good-paying jobs for thousands of Canadians across this country. As announced on September 5, we are making targeted changes to the CFR to further support Canada's biofuel sector while maintaining the primary purpose of the regulation, to reduce emissions.
Canadians want leadership that protects jobs while protecting the planet. They want clean energy growth, competitive industries and secure, affordable futures for their children. That is why our government is committed to smart, fair, predictable climate policy that strengthens the economy rather than undermining it. This is about responsibly managing today's costs while safeguarding tomorrow's prosperity. That is the Canadian way.