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Environment committee  I can respond. I don't know the exact figures for the companies, so I will trust you on those numbers. Clearly, they're looking to secure the profitability of an industry and companies, and rightly so. It's important that they remain profitable. I'm talking about companies in ge

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  If you're talking about the OBPS in particular, the answer is yes. You might want to do this to be competitive, but I think also that the tax break is too large. In any case it is imperative that the tax break be phased out over time. The OBPS addresses competitiveness abroad. I

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  If you mean as a tax credit, then yes, absolutely.

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  I will be okay with that. The key word is “preferred”. When you offer a preferred rate, you're giving someone a business advantage. So that constitutes a subsidy to me, absolutely.

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  Thank you.

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  It's the same answer, really. I'm also a signatory to that letter. My expertise is not in technical climate science, it's in economics. There is an economic argument to be made within that letter and this is why I signed it.

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  This one is for Dr. MacLean.

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  Thank you for the question, Ms. Pauzé. The carbon takeback obligation is a regulatory constraint for the oil and gas industry. As you just said, the industry has to offset a certain percentage of greenhouse gas emissions from the production and combustion of fossil fuels by capt

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  All right. First, you mentioned my membership in the Canadian Climate Institute. Of course, I'm speaking as an individual, not on behalf of the institute. It's hard to talk about fairness between industries. At least that's not the focus of my work, which is more about sharing

April 26th, 2022Committee meeting

Prof. Justin Leroux

Environment committee  Thank you, Mr. Chair. I'd like to thank the committee for the opportunity to contribute to this important discussion. My contribution will aim at clarifying certain economic arguments and ethical concerns, but first I would like to get the definition of an inefficient subsidy o

April 26th, 2022Committee meeting

Prof. Justin Leroux