M-77 Energy transition

That:

(a) the House recognize that,

(i) we are in a climate emergency,

(ii) that every fraction of a degree of increased global average temperature rise increases the risk of the collapse of human civilization,

(iii) the Government of Canada must play a leading role and respond to the climate emergency with the same courage and resolve as was mobilized in past crises, such as World War II and the COVID-19 pandemic,

(iv) at the same time in Canada in the midst of a dual affordability crisis, fossil fuel companies are making record profits while continuing to receive billions in subsidies coming from the tax dollars of Canadians; and

(b) in the opinion of the House, the government should:

(i) honour the commitments made to date and go beyond them to eliminate all subsidies, public financing, and other forms of financial support from the Government of Canada and federal Crown corporations directed to the production and expansion of fossil fuels, including the canceling of any new fossil fuel infrastructure,

(ii) ensure all definitions and policies exclude loopholes that would allow continued subsidies, public financing or support for fossil fuels or false solutions, including, but not limited to, carbon capture, utilization and storage, and hydrogen derived from fossil fuels,

(iii) develop concrete mechanisms to increase Canada’s international financial support for a just energy transition, aligned with our fair share of limiting global warming to 1.5°C, estimated to be $4 billion a year in 2020,

(iv) ensure that all energy projects, including those benefiting from government support, uphold Indigenous rights and are fully aligned with the United Nations Declaration on the Rights of Indigenous Peoples and its principle of free, prior and informed consent,

(v) ensure all government spending does not run counter to Canada’s obligations under the Paris Agreement, including attaching strict conditions to government programs and Crown corporations such as the Net Zero Accelerator, the Canada Growth Fund, Export Development Canada, and the Canada Infrastructure Bank.