QUESTION PERIOD — Environment and Climate Change
Oil and Gas Pollution Cap
November 5, 2025
Senator Moreau, yesterday your government presented Canada Strong: Budget 2025. We read that as the global demand for low-carbon goods and processes rises, Canada’s new government assists in this opportunity to mobilize public and private capital that promotes investment in sustainability.
However, while new funds were found to add to the already world-record subsidies given to the oil and gas sector, some environmental protection initiatives were renewed or extended, but too many were cut.
Which of these few remaining environmental initiatives in Budget 2025 will see Canada move forward in the direction presented by your government?
Thank you, Senator Galvez.
Canada remains committed to reaching net-zero emissions by 2050 through ambitious climate action while shaping the government’s plan to meet the moment and build the economy of the future. With clean economy investment tax credits, the government will supercharge affordable net-zero energy projects that turn our natural wealth into lasting prosperity while protecting the planet.
This strategy is a central pillar of the government’s plan for Canada to become the strongest economy in the G7.
Can you point to a written section in the budget that explains the criteria your government used to decide which initiatives to renew and which initiatives to cut?
The budget that was introduced and tabled yesterday represents, in the opinion of Canada’s new government, a responsible economic plan that leverages world-class industries, skilled and talented workers, diverse trade partnerships and strong domestic markets where Canadians can be our own best customers.
In that regard, there are a number of points that need to be underlined. I’m not going to run through the budget, obviously, but I look forward to working with you in the coming weeks in committee.
