Finance  Mr. Speaker—

Climate Change  Mr. Speaker, I would say that it is important in the context of the fight against climate change that every sector of the Canadian economy play a role. That is what we are doing through the emissions reduction plan we have put into place. Concurrently, we need to look to take advantage of the economic opportunities that can be enabled through a shift to a lower-carbon future.

Carbon Pricing  Mr. Speaker, certainly ensuring affordability is extremely important in the design of a price on pollution that penalizes polluters but does so in a manner such that eight out of 10 Canadian families get more money back. I would just say that having a relevant plan to address climate change, including a price on pollution, is required to have a relevant economic plan for the future of this country.

Natural Resources  Mr. Speaker, I thank the member for all of his hard work with respect to nuclear energy in Ontario. Today I was extremely pleased to announce that Canada will be making available up to $3 billion in export financing to Romania for two new CANDU reactors. This will help Romania in its efforts to phase out coal and will reduce European reliance on Russian energy for Romania, Moldova and Ukraine while supporting sustainable jobs and major economic opportunities across this country.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  No, Madam Speaker, this bill is about enabling offshore wind. It has nothing to do with liquid natural gas, but there certainly are opportunities for liquid natural gas. LNG Canada phase one will be coming on stream in 2025 and the Woodfibre project probably not that long afterward.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, as the member knows, Nova Scotia and New Brunswick still rely significantly on coal, and there is a need to move away from coal. The Government of Nova Scotia has its own requirement to be off coal by 2030. One of the ways in which we can enable that is through the development of more renewables, and offshore wind offers the opportunity for large scale renewables to feed the grid.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, I am in agreement with the member that we certainly want to advance the final definition of the investment tax credits so that there is certainty with respect to investment. Right now we are waiting to see what that will be. I would also say that it is really important that we have a regulatory structure that companies can rely upon.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, as the hon. member will appreciate, the role of the House and committees is to discuss and to look to find ways to improve upon bills. It would be irresponsible for any minister to say that he or she is not willing to engage a conversation about how bills can be improved.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, Bill C-49 does indeed focus on renewable energy. It will allow us to launch a new offshore wind industry and foster a strong economy in Nova Scotia as well as in Newfoundland and Labrador. That is at the heart of this bill.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, there is actually a fair bit of detail in the bill. The hon. member will know the ways in which offshore accord acts work. They are actually jointly done and must be agreed upon. There has to be mirror legislation introduced in Nova Scotia and in Newfoundland and Labrador.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  moved that Bill C-49, An Act to amend the Canada-Newfoundland and Labrador Atlantic Accord Implementation Act and the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act and to make consequential amendments to other Acts, be read the second time and referred to a committee.

Questions on the Order Paper  Mr. Speaker, reducing emissions remains the top priority of Canada’s climate plan, recognizing that the best way to tackle climate change is to stop new emissions from entering the atmosphere. Carbon management technologies will be a critical tool for heavy industry sectors to reduce their emissions and permanently remove existing historical emissions from the atmosphere.

Questions on the Order Paper  Mr. Speaker, reducing emissions remains the top priority of Canada’s climate plan, recognizing that the best way to tackle climate change is to stop new emissions from entering the atmosphere. Carbon management technologies will be a critical tool for heavy industry sectors to reduce their emissions and permanently remove existing historical emissions from the atmosphere.

Carbon Pricing  Mr. Speaker, it is certainly important that parties around the House actually have a plan to address climate change, but we must do so in a manner that is affordable. The price on pollution is done in a manner where eight out of 10 Canadian families get more money back than they actually pay.

Natural Resources  Mr. Speaker, I want to thank my hon. colleague for the question, and for his advocacy on these important issues. The global race to build a low-carbon economy is the greatest job-creation opportunity of our time. We can either work to seize this opportunity or put our heads in the sand and let it pass us by.