Thank you very much, Mr. Chair.
I will share my time with Mr. Gravelle at the end of my intervention.
I would like to thank all the witnesses for being here today. Your presentations were extremely interesting.
I would like to start with Mr. Letellier and Ms. Joseph.
Mr. Letellier, you spoke about gradually eliminating government subsidies to fossil fuels and internalizing the hidden costs of carbon emissions to basically establish a level playing field. I want to know what impact that might have if grants that currently go to the oil industry—so $1.3 billion—were instead put toward creating green energy.