Once again, Mr. Speaker, we saw 29% growth in industry from 2015 to 2023, compared to a global average of 5%. An agenda that includes social and environmental protections is pro-development.
The government is focused on rapidly advancing major projects so potential projects that meet all requirements can be approved faster, shortening five-year approval timelines to two years. It is part of a broader effort, highlighted in the Prime Minister's mandate letter, that supports more infrastructure built “at speeds not seen in generations.” The major projects of national interest and the one Canadian economy act are going to be essential to growing Canada's economy and creating good-paying jobs. We will expand and diversify trade, invest in infrastructure like ports, roads, trade corridors and railways and responsibly develop our energy and natural resources.
Our government will increase Canada's resilience, security and prosperity for Canadians today and for future generations.