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Government Operations committee  I think that would probably be a slightly different issue. The government has a zero emissions vehicle mandate, so even if we were to move away from a carbon tax, while it would probably mean that internal combustion engines would be slightly less expensive to operate, there wo

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  No. That's a whole different category of issues. The government has introduced a number of tax credits to stimulate green energy, the use of hydrogen, and carbon capture and storage, and we have not tried to measure the impact of these in terms of jobs and economic activity bec

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  It's very difficult to express an opinion on that, given that companies' decisions to invest are based on a number of factors—the regulatory environment, the social environment and so on. This would be one aspect of it, but it's very difficult to express an opinion that takes int

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  Well, once you factor in the rebate and also the economic impacts, based on our modelling, the majority of households will see a negative impact as a result of the carbon tax.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  The highest is quintile one, and the highest, we can call them MPs, but we call them quintile five. That's a joke.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  These are averages, of course, and it varies across provinces, depending on the particular economic conditions and the industrial structure of each province and jurisdiction.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  No, because they are very difficult to estimate in the short term. We've made that point quite often. It's very difficult to determine which part of forest fires or natural disasters are due to climate change and which ones would occur normally anyway. It's very difficult to de

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  There are obviously costs. When we saw the wildfires last year, it was obvious that the people who were suffering from respiratory illnesses and who were in these surroundings were suffering from the wildfires, but it's very difficult to estimate these costs. In good part, that's

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  That's a policy decision for which you as parliamentarians are better qualified to determine than I am.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  The fiscal impact is the impact of paying the tax directly—for example, filling up the gas tank or paying for gas to heat the home. There's also the indirect cost. For example, if you buy a service or goods, there's an energy component embedded, plus the GST that's applied to tha

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  Yes. There is an adjustment in the economy that's expected to take place by reducing our use of fossil fuels. That will have impacts, certainly in the short term, while the economy adjusts. That increases the costs, for example, of transportation companies, which presumably will

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  My understanding is that it is a part of it, but it's not something that we have done a report on. My understanding at this point is that it's one part of the $15 billion.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  I'm not yet aware of the governance issues around the Canada growth fund.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  I don't know the exact details of this item.

March 18th, 2024Committee meeting

Yves Giroux

Government Operations committee  I think that's a question that would be better answered by the deputy minister at PSPC, or the minister, unfortunately.

March 18th, 2024Committee meeting

Yves Giroux