Mr. Speaker, the member opposite is suggesting that responsible climate policy is a burden. This is simply not true. Canadians want a secure future, Canadians like my son and my daughter, one where they can earn a good living, put food on the table and breathe clean air. They also want a government that protects them from climate disruption and builds an economy that can win in a world moving toward cleaner energy and technology.
Acting on climate is both a moral obligation and an economic necessity. We are living through a historic global shift. Last year, global clean energy investment reached $2 trillion, nearly double what went to fossil fuels. Countries are competing fiercely to attract investment in low-carbon industries, because those industries will drive jobs and growth for decades to come.
The newly tabled budget 2025 recognizes that reality. It charts a path to secure Canada's position in the global race, not with prohibitions but by driving investment and prioritizing results. Budget 2025 invests in the infrastructure and technology that will define tomorrow's economy: nuclear expansion, clean electricity grid interties, low-carbon fuels like hydrogen, renewable energy, critical minerals and world-leading industrial innovation. This is how we build prosperity in a changing world.
The member opposite wants to cancel climate tools like industrial carbon pricing, but that would cost Canadian jobs and competitiveness. Industrial carbon pricing, backed by a predictable, long-term price trajectory, is the most efficient and lowest-cost tool to reduce emissions and attract private capital. Independent experts confirm it has almost no impact on household costs, while providing businesses the certainty they need to invest.
Budget 2025 strengthens this system by improving the benchmark, ensuring fairness across provinces and expanding tools like carbon contracts for difference so that companies can invest with confidence. This is a policy focused on results and competitiveness. This matters for some of Canada's most important sectors. Lower emissions mean greater competitiveness for steel, oil and gas because global buyers increasingly demand low-carbon products. If we do not modernize, our exports will face barriers, tariffs and lost market share. Cancelling climate policy would not protect Canadians; it would leave workers and industries behind.
Our approach is clear: drive investment, deliver the greatest emissions reductions at the lowest cost, secure access to global markets and build an economy that wins in a low-carbon world. I believe budget 2025 delivers that plan.