Mr. Speaker, I know my colleague from Mission—Matsqui—Abbotsford proudly represents many of my extended family in the Sumas and Sts'ailes first nations, and I raise my hands to him for that, but I have to disagree with how he is painting the industrial carbon pricing.
We have said before that there is no carbon tax on food and farmers, and farmers are not subject to the industrial carbon price. Independent modelling from the Canadian Climate Institute and Navius Research shows the impact of industrial carbon pricing on agriculture is less than one-tenth of 1% by 2030. Why? It is because farmers are not the ones paying it. Industrial carbon pricing applies only to large industrial emitters: steel, cement, mining, oil and gas. Under the output-based system, facilities can cut emissions, buy credits or adopt cleaner technologies. It is a flexible and efficient framework that reduces emissions at the lowest cost while protecting business and competitiveness.
Global pressures, not federal climate policy, are driving food inflation. Disrupted shipping routes, climate-related crop losses and the impacts of international conflicts on fertilizer and energy markets are the same challenges faced around the world. That is why yesterday the government temporarily suspended the federal fuel excise tax on gasoline and diesel across Canada. Starting April 20, this measure will provide immediate relief to Canadians, reducing prices at the pump by approximately 10¢ per litre on gasoline and four cents per litre on diesel. It lowers costs for businesses and truckers across key sectors while we continue to build long-term energy security. This is in addition to our new Canada groceries and essentials benefit announced earlier this year, which will help more than 12 million low- and modest-income earners afford day-to-day essentials.
We are also investing heavily in adaptation. Since 2015, more than $6.6 billion has supported community resilience, with new funding in budget 2025. Indigenous leadership is essential to this work and supported by over $2 billion in indigenous-led climate initiatives since 2020. Climate action is economic action. Our policies protect families, support workers and position Canada for long-term prosperity.