Natural Resources committee  Yes, that number is on Export Development Canada's website, on a list called “Aggregate Business Facilitated by Industry Sub-sector for the period ending September 30, 2022”. We can send the link to you. They list export development supports for all industries, including oil and

Natural Resources committee  This is federal support to the industry. As I referenced earlier in my comments, the WTO's definition does say that fiscal support to an industry does count as a subsidy under their definition. If we were to apply that definition, these would all be counted as subsidies.

Natural Resources committee  If it were possible, it would be a good thing, but fossil fuels are hydrocarbons, and when they are burned, we're using the hydrogen and we're releasing the carbon. It combines with oxygen and becomes carbon dioxide. Combustion of fossil fuels is responsible for 80% or more of

Natural Resources committee  Sure.

Natural Resources committee  If it was net-negative, I suppose not, although for the fossil fuel sector we are talking about emissions that come from the production of fossil fuels. What's important to understand is that a lot of emissions come from the use and combustion of fossil fuels. Even if we did have

Natural Resources committee  The subsidies we tracked don't include any tax relief or the environmental costs of climate change. For example, the almost $19 billion we tracked for 2022 includes $12 billion for Trans Mountain directly, $10 billion of which is a loan guarantee and $2 billion of which is prefer

Natural Resources committee  Well, 70% of the investment in carbon capture made by Canada to date has gone towards enhanced oil recovery. That's resulted in more emissions rather than fewer. I would note that the carbon capture tax credit actually excludes enhanced oil recovery, and we're happy to see that

Natural Resources committee  Good afternoon and thank you for inviting me to speak to you today about this important topic. My name is Keith Brooks and I'm the programs director at Environmental Defence. I just want to acknowledge that I'm sitting in today for my colleague Julia Levin, who is our resident

Finance committee  I think that absolutely could be an important step towards meeting the recommendation. We know that nature-based climate solutions are a part of the solution set we need. We know that we have great allies in indigenous communities and great partnerships and conservation projects,

Finance committee  We know that the government has committed to protecting 25% by 2025 and 30% by 2030. We're behind on that, and we need to do more on that. I think a Canada water agency is a key tool that we should be using to do that. One main thing we think this agency should have is some mon

Finance committee  The answer to your first question is, yes, we'd like to see no more investment in oil and gas. Certainly, we think the Trans Mountain Pipeline is a bad investment. The government should do what it can to get out of that as soon as it can, and direct that money toward green energy

Finance committee  Everybody who studies the cost of climate change finds that not acting is much more costly than acting, by a large margin. One recent example is from the Canadian Institute for Climate Choices, which found that the impacts of climate change amount to a 5% drag on GDP. The same

Finance committee  We're glad to see the government moving forward with accountability measures. This is something that we and a number of other environmental organizations have been asking for for a long time. That said, we do have some issues with this particular bill. In particular, we don't s

Finance committee  We'll be happy to follow up in writing with the brief about the details of Export Development Canada programs.

Finance committee  I will let my colleague, Julia, answer that question.