The report released Monday expects the domestic and worldwide hydrogen markets have the potential to be worth "$100 billion per year or more."The report highlights five facilities immediately north of Edmonton that produce hydrogen, including Shell Canada Ltd.'s Scotford refining complex, the NorthWest Refinery and a Nutrien Ltd. fertilizer plant.In total, the province produces 2,250 tonnes of hydrogen per day from hydrocarbons such as oil and gas.
"There is a difference between legislating a target and legislating climate accountability", said Abreu.
Bill C-12 also orders the finance minister to prepare a report outlining what the public service has done to "manage its financial risks and opportunities related to climate change", and it orders the federal environment commissioner to report on the government's climate measures. The Liberals promised those targets would be "legally binding" but have never said how they envision doing that.
Prime Minister Justin Trudeau has laid out a loose framework to get Canada to "net zero" greenhouse gas emissions by 2050, introducing new climate change obligations to a country that has missed all of its previous environmental commitments.
Many environment groups and opposition parties praised the legislation as a good first step but nearly all are dismayed the government did not set an interim five-year target for 2025.More news: COVID-19 Reinfection 'Highly Unlikely' For At Least Six Months
Collins said setting a 2025 target would show Canada understands that and is willing to do more to prevent it.
In 2012, Canada missed the commitment it had made under the Kyoto agreement to reduce emissions and it is on track to miss the 2020 target as well by 100 million tonnes and more.
"Greenhouse gas emissions must be reduced if we want to reach this target", he added separately to reporters.
Green Party leader Annamie Paul quickly shot down the draft.
In the absence of strong penalties imposed on the government if it fails to meet its targets, opposition parties say the plan is nothing but a smokescreen. He said accountability for meeting those targets would ultimately be carried out by voters, who increasingly support stricter climate change policies.More news: Apple's AirPods Pro are just $190 at Woot
The bill would establish a 15-member part-time "advisory body" with the mandate to provide the minister with advice on how to achieve net-zero emissions by 2050.
"It is ultimately up to Canadians to continue to choose governments that are serious about reducing climate change and that will be accountable to Canadians every five years". This is because the bill simply states target goals and the timelines in which they would be achieved.
If the bill gets passed, federal governments will be required to set emission reduction targets every five years for the next 30 years, to make sure they're progressing towards the overall goal.
Note to readers: This is a corrected story. Collins did not provide a temperature.
Catherine Abreu, executive director of the Climate Action Network Canada, said she was more hopeful than she had been about the pending legislation, because the title of the bill has the words "transparency and accountability" in it.More news: Dallas to Acquire Josh Richardson in Exchange For Seth Curry