Madam Speaker, there are a number of tools that the Government of Canada has introduced to ensure that people in the business and industry sectors have the signals and the regulatory framework necessary to drive down their emissions. One of the most important tools is the industrial price on carbon. This is the cornerstone of how it is that heavy emitters in this country, very much including the oil and gas sector, would have the price incentive to clean up their business model to reduce how much pollution they produce in the course of their operations. This government and the Prime Minister have committed to maintaining and strengthening the industrial price on carbon alongside new measures that will be introduced in the coming session.
In the House of Commons on September 22nd, 2025. See this statement in context.