This is a single
speech (committee meeting) resource
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This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2023-09-25 16:20:00",
"attribution": {
"en": "Mr. Scott MacDougall (Senior Adviser, Pembina Institute, Green Budget Coalition)",
"fr": "M. Scott MacDougall (conseiller principal, Pembina Institute, Coalition du budget vert)"
},
"content": {
"en": "<p data-HoCid=\"7941312\" data-originallang=\"en\"> Thank you for the excellent question, which covered all kinds of the background information required to answer. That's great.</p>\n<p data-HoCid=\"7941313\" data-originallang=\"en\">I'm going to start with the second question, if I may, in terms of what's going to be required because, in part, it answers a little bit of the first part. The companies have, in many cases, said that certain policies that have been proposed need to be finalized, such as the investment tax credit for carbon capture sequestration. There are some great signs. The draft legislation is out and looks pretty good, so fingers crossed that it will get finalized pretty soon.</p>\n<p data-HoCid=\"7941314\" data-originallang=\"en\">Also, they talk a lot about the necessity of greater certainty around carbon pricing, which often translates as carbon contracts for difference. Things are going a little slower on that, and a lot of folks have indicated they're holding off some investments while waiting on that legislation. Carbon pricing offers the lion's share of incentives for low carbon and decarbonization investments in Canada, so greater certainty on that is a huge force multiplier for the policies Canada already has in place.</p>\n<p data-HoCid=\"7941315\" data-originallang=\"en\">I have to admit I'm not entirely convinced that voluntary.... I mean, those incentives are excellent and necessary to support those investments, but I'm not entirely convinced we will see the level of voluntary investment and decarbonization we would need. Therefore, I believe Canada's proposed cap on oil and gas sector emissions is absolutely needed. I'm very happy to hear <a data-HoCid=\"214296\" href=\"/politicians/justin-trudeau/\" title=\"Justin Trudeau\">Prime Minister Trudeau</a> reiterating his commitment to see that at least drafted and out in public this fall. That's great.</p>",
"fr": "<p data-HoCid=\"7941312\" data-originallang=\"en\">Je vous remercie de cette excellente question, qui comprend toutes sortes de renseignements me permettant de r\u00e9pondre. C'est excellent.</p>\n<p data-HoCid=\"7941313\" data-originallang=\"en\">Si vous permettez, je vais commencer par la deuxi\u00e8me question sur les efforts n\u00e9cessaires, parce que ce faisant, je r\u00e9pondrai \u00e0 une partie de la premi\u00e8re question. Dans bien des cas, les entreprises disent que certaines politiques propos\u00e9es m\u00e9ritent d'\u00eatre peaufin\u00e9es, comme celle sur le cr\u00e9dit d'imp\u00f4t \u00e0 l'investissement pour le captage et la s\u00e9questration du carbone. Les signes sont tr\u00e8s encourageants. L'avant\u2011projet de loi a \u00e9t\u00e9 publi\u00e9 et a l'air vraiment bien. On se croise les doigts pour que la touche finale y soit apport\u00e9e tr\u00e8s bient\u00f4t.</p>\n<p data-HoCid=\"7941314\" data-originallang=\"en\">Par ailleurs, les repr\u00e9sentants de ces entreprises parlent beaucoup du besoin de compter sur davantage de certitude concernant le prix du carbone, ce qui se traduit souvent par des contrats sur diff\u00e9rence. Les progr\u00e8s sont un peu plus lents \u00e0 cet \u00e9gard, et bien des gens ont dit qu'ils retenaient des investissements en attendant le projet de loi. La tarification du carbone pr\u00e9voit que les principaux incitatifs porteront sur les investissements dans des projets faibles en carbone et pour la d\u00e9carbonisation au Canada. Une plus grande certitude multiplierait donc grandement la force des politiques que le pays a d\u00e9j\u00e0 mis en \u0153uvre. </p>\n<p data-HoCid=\"7941315\" data-originallang=\"en\">Je dois admettre que je ne suis pas tout \u00e0 fait convaincu par l'approche volontaire... Les mesures incitatives sont excellentes et n\u00e9cessaires pour soutenir l'investissement, mais verrons\u2011nous le niveau d'investissement volontaire et la d\u00e9carbonisation dont nous avons besoin? Je crois que le plafond que le Canada propose sur les \u00e9missions dans le secteur p\u00e9trolier et gazier est capital. Je suis tr\u00e8s heureux que le <a data-HoCid=\"214296\" href=\"/politicians/justin-trudeau/\" title=\"Justin Trudeau\">premier ministre Trudeau</a> r\u00e9it\u00e8re son engagement \u00e0 publier le projet de loi cet automne. C'est excellent.</p>"
},
"url": "/committees/finance/44-1/101/scott-macdougall-1/",
"politician_url": null,
"politician_membership_url": null,
"procedural": false,
"source_id": "12333497",
"document_url": "/committees/finance/44-1/101/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Ffinance%2F44-1%2F101%2F"
}
}