Mr. Speaker, the International Monetary Fund, the World Bank, and the International Energy Agency have all urged governments around the world to do two things, at a minimum: to put in place a carbon price and to eliminate all fossil fuel subsidies.
I wonder if the Prime Minister could update us on where we are. We know progress is being made on the carbon price. Where are we on eliminating fossil fuel subsidies?
Jim Carr – Minister of Natural Resources
Mr. Speaker, I am glad for the question, especially on budget day, because it gives us the chance to reflect back to budget 2016.
The commitments that were made included $81 billion over 11 years in public transit, green infrastructure, transportation, and smart cities. We are committed to transitioning to a low-carbon economy, while encouraging businesses to innovate, grow, and create good, well-paying jobs for Canadians.
I am sure all members will be very anxious to hear what the Minister of Finance will have to say on the subject only minutes from now.