International Trade committee  That's correct.

International Trade committee  That is correct.

International Trade committee  Yes.

International Trade committee  I don't know if I want to get into any comments between respective political parties. I think we have a good story. We have the opening up of what will be the first LNG industry in Canada. It's a good story for Canadians at all levels, both for political parties and also for everyday Canadians and workers.

International Trade committee  We certainly support the implementation of article 6. We think carbon offsets and trading are essential components of future growth in the LNG industry, both for LNG Canada and also for other players. Beyond that, we will have to look for the implementation of things like nature-based solutions and technological innovations to reduce the carbon footprint of LNG production in Canada to support future growth.

International Trade committee  For my business in particular, we really need to focus on our structural advantages. Certainly with our main export market out of the west coast for gas being Asia, the geographic advantage is there and it's structural. However, indeed, as my colleagues mentioned before, our ability to use hydroelectric power and the export and the liquefaction of our LNG is essential and provides us with a competitive advantage.

International Trade committee  Thanks, Mr. MacGregor. Both the Canadian and the British Columbian governments have introduced regulations regarding methane emissions that put Canada at the forefront of efforts to reduce GHGs from oil and gas production. The B.C. government has a methane emission reduction target of 45% by 2025, relative to 2014 levels, and the Government of Canada has set an equivalent reduction target of between 40% and 45% by 2025, relative to 2012 levels.

International Trade committee  I would second that comment.

International Trade committee  Thank you very much, Ms. Ashton. We want to acknowledge that we actually have the support of elected and hereditary leadership spanning 20 first nations along the entirety of the pipeline route and that of many of the other communities and individuals engaged in the project since its inception.

International Trade committee  I think we should continue to encourage opportunities for innovation for clean Canadian technology. One key consideration would be to spur and drive innovation by leveraging and directing the revenues from the carbon tax back into the sector.

International Trade committee  I think the growth in the LNG market, as I discussed at the start, is significant. We have a market today that has a demand for about 360 million tonnes a year. By 2040, that's going to increase to 700 million tonnes a year globally, with the majority of that demand coming from Asia.

International Trade committee  We certainly have a very compelling value proposition from all those dimensions. As I mentioned, our facility will be globally leading in terms of the lowest emissions anywhere in the world, more than 30% better than the next best—so it's by a long margin—and 60% better than the global average.

International Trade committee  Ms. Gray, I will go back to the first question you asked me, which was around article 6 of the Paris Agreement. We need to create a level playing field and a regulatory regime that recognizes the value of carbon offsets and trading. Couple that with offset-type solutions like nature-based solutions so that we have a robust and level playing field to compete in international markets.

International Trade committee  I can't say that it has hit my radar screen in any significant way. We have a global supply chain. Most of our supply chain is focused on providers here in Canada but indeed reaches out across the world, America being number two, but it hasn't been something that's been flagged to my attention.

International Trade committee  Thanks very much, Ms. Gray. I absolutely would suggest that. Canada's leadership to establish a credible regime based on not only environmental integrity but a level playing field, and to ensure those credits are recognized and acknowledged should absolutely be a priority of this government.