Jerry V. DeMarco made a statement and, with the other witnesses, answered questions.

Dan Mazier moved, — Given that Canada’s Environment Commissioner reported:

1. That the Liberal government “did not effectively manage the Strategic Innovation Fund’s Net Zero Accelerator to decarbonize the manufacturing industries in accordance with Canada’s climate goals or with due regard to value for money for Canadians”; and
2. That the emission reduction progress and results of the Liberal government’s $8 billion, Net Zero Accelerator are not public to Canadians.

The committee order the production of (i) the government’s complete tracker tool used to measure the Net Zero Accelerator’s progress and results, (ii) all internal Net Zero Accelerator targets set by the government, including the government’s Net Zero Accelerator emission reduction target, and (iii) all complete contributions agreements signed, to date, for the Net Zero Accelerator, within one week of this motion being adopted.

Debate arose thereon.

Adam van Koeverden moved, — That the debate be now adjourned.

The question was put on the motion and it was negatived on the following recorded division:

YEAS: Shafqat Ali, Sophie Chatel, Lloyd Longfield, Leah Taylor Roy, Adam van Koeverden — 5;

NAYS: Mario Beaulieu, Laurel Collins, Gérard Deltell, Michael Kram, Branden Leslie, Dan Mazier — 6.

The debate on the motion continued.

Adam van Koeverden moved, — That the committee do now adjourn.

The question was put on the motion and it was negatived on the following recorded division:

YEAS: Shafqat Ali, Sophie Chatel, Lloyd Longfield, Leah Taylor Roy, Adam van Koeverden — 5;

NAYS: Mario Beaulieu, Laurel Collins, Gérard Deltell, Michael Kram, Branden Leslie, Dan Mazier — 6.

At 5:47 p.m., the sitting was suspended.

At 3:54 p.m., on Tuesday, May 7, 2024, the sitting resumed.

The debate on the motion continued.

On motion of Adam van Koeverden, it was agreed, — That the motion be amended by replacing the words “one week” with the words “two weeks”.

The debate on the motion continued.

After debate, the question was put on the motion, as amended, and it was agreed to.

The motion, as amended, read as follows:

Given that Canada’s Environment Commissioner reported:

1. That the Liberal government “did not effectively manage the Strategic Innovation Fund’s Net Zero Accelerator to decarbonize the manufacturing industries in accordance with Canada’s climate goals or with due regard to value for money for Canadians”; and
2. That the emission reduction progress and results of the Liberal government’s $8 billion, Net Zero Accelerator are not public to Canadians.

The committee order the production of (i) the government’s complete tracker tool used to measure the Net Zero Accelerator’s progress and results, (ii) all internal Net Zero Accelerator targets set by the government, including the government’s Net Zero Accelerator emission reduction target, and (iii) all complete contributions agreements signed, to date, for the Net Zero Accelerator, within two weeks of this motion being adopted.

Alexandre Boulerice moved, — That, pursuant to the motion adopted on Tuesday, April 30, 2024, the committee summons, pursuant to Standing Order 108(1), the following to appear before the committee: Mr. Rich Kruger, CEO of Suncor Energy Inc., Mr. Brad Corson, CEO of Imperial Oil Ltd., Mr. Jon McKenzie , CEO of Cenovus Energy Inc., and Mr. Greg Ebel, CEO of Enbridge Inc. to appear Thursday, May 23, 2024, for two hours to brief the member of the committee on their efforts to significantly reduce emissions to meet Canada’s international climate commitments amid their record-breaking profits since 2021, and that the committee publish a report on its findings and table it in the House.

Debate arose thereon.

By unanimous consent, the motion was withdrawn.

At 4:49 p.m., the sitting was suspended.

At 4:55 p.m., the sitting resumed in camera.

It was agreed, — That the following:

• David McKay – President and Chief Executive Officer of Royal Bank of Canada
• Bharat Masrani – Group President and Chief Executive Officer of TD Bank Group
• Victor Dodig – President and Chief Executive Officer of Canadian Imperial Bank of Commerce
• Darryl White – Chief Executive Officer of BMO Financial Group
• Scott Thomson – President and Chief Executive Officer of Scotiabank

Be summoned to appear before the committee on Thursday, June 13, 2024, between 3:30 p.m. and 5:30 p.m., in relation to the study of the environment and climate impacts related to the Canadian financial system.

The committee proceeded to give drafting instructions to the analysts for a draft report.