Industry committee  The Ontario government had estimated that it would gain 50,000 jobs. The Fraser Institute estimates that as a result of the Ontario pricing policies the province lost 75,000 jobs.

Industry committee  The shutdown of Line 5 would remove something in the order of 60% of the refined product supply for Ontario and, therefore, significantly increase prices. Hopefully there are ways in which some products, like gasoline and aviation fuels, etc., can be brought into the province by rail or by truck, but that will definitely be more expensive.

Industry committee  To tell you the truth, I don't follow general investment trends with respect to the automobile industry. What I have followed to some extent, of course, is the investment in electric vehicles. Recently, of course, there's been major funding of the Ford plant near Oshawa. I think it's $170 million to increase the funding there, and there's no doubt that there is a major movement, both within Canada and the United States, to increase the investment in and capacity to produce electric vehicles.

Industry committee  Yes. Bjorn Lomborg is an expert and someone who believes that humans have a role in the warming of the planet, but that there are far more important problems for the world and that the cost of the transition that's been talked about is far too high.

Industry committee  The short answer to that question is no. The point that always seems to get lost when talking about energy transitions is that 84% of the energy currently being consumed in the world is based on fossil fuels. Only 5% is based upon renewables and about 2% of that is wind and solar.

Industry committee  Is that five minutes already? Okay. I would recommend that the committee lend its support to the establishment of a federal government energy framework that stimulates profitable investment in capital formation, reduces emissions intensity, supports research and development, and provides a planning framework long enough for new technologies to develop the competitive advantages that will allow them to succeed in the marketplace.

Industry committee  Madam Chair, honourable members, thank you very much for inviting me to appear before the committee to offer evidence in support of the committee's study. After briefly describing my background, I will seek to aid the committee's study by addressing three subjects: the definition of the clean energy sector, the direct and indirect costs of the green initiatives and related measures, and the experience to date concerning the income and employment benefits of the environmental and clean technology products sector.