Canada-China Relations committee  The ownership of these companies, in some cases, is public. A minority share is not a source of concern in itself. However, when it becomes a control factor, then it is obviously the kind of transaction that will be reviewed under the Investment Canada Act, which is managed by the Department of Industry.

Canada-China Relations committee  The member is quite right to point this out, and there are different sources that would point to the same direction. It's a very sharp upward trend in terms of needs for the supply of critical minerals. Canada is blessed with a very large resource endowment in so many of those critical minerals.

Canada-China Relations committee  Well, the Indo-Pacific strategy touches on very many issues—

Canada-China Relations committee  I doubt very much that every single term laid out in the Indo-Pacific strategy has a definition on it, from defence or cultural industries to environment or fisheries and so forth, but we have certainly laid out in the very clearest terms what we are aspiring to do as a country with regard to our energy policies—

Canada-China Relations committee  Again, I would repeat, Mr. Chair, our intention is to position Canada to be a leader in terms of low-carbon energy supplies, and the market response, whether it's on hydrogen, LNG or other products, has been remarkably strong.

Canada-China Relations committee  We have not published market studies per se. We leave that to organizations such as the IEA, which has done extensive studies in terms of market trends in this area. What we do know is that, as the member has very correctly pointed out, the demand is quite strong, as many of those countries in Asia are looking to move away from coal, either for power generation or for steel-making and other such products.

Canada-China Relations committee  LNG Canada will have a capacity of 14 million tonnes. It's prepping for full operations by 2025. We have other projects, as you know, in the wings, so Canada will be a meaningful supplier of LNG.

Canada-China Relations committee  Again, these kinds of studies are being pursued, published and updated regularly by organizations like the IEA and private sector organizations, so they're readily available. Canada will never be able, on its own, to supply the entirety of it—that we know. That's why countries like the United States, Australia, the Middle East and others are increasing their supply to the region.

Canada-China Relations committee  Thank you, Mr. Chair, for that question. We don't have a set definition or formula for what clean energy is defined as, but certainly the government has been very candid and forward in terms of what we aspire to be. In the case of LNG, the goal is very simple. It's to aim to adopt the most advanced technologies to have the lowest carbon intensity possible in those emissions.

Canada-China Relations committee  Thank you, Mr. Chair. Thanks to the committee for the opportunity to speak on today's subject, Canada's Indo-Pacific strategy. As was mentioned, I am accompanied by Andrew Ghattas, executive director, lands and minerals sector. The Indo-Pacific region is certainly strategic for Canada, and this is an excellent opportunity for us to provide some information.

Natural Resources committee  I couldn't agree more that opportunities abound. I was at our missions just recently. We heard from our ambassadors in Japan, South Korea, the U.S., Germany, Spain and France. They were all saying how keen those partners are to secure their supply from Canada and our firms. This is one of those rare moments when you have governments and firms alike very much converging because they know that their clients are expecting low carbon to be embedded.

Natural Resources committee  I'll give it a shot. You can feel free to add, John. I totally agree that, when we think energy, we have to think.... The motion and the study that you're launching now very much takes that perspective. Taking a North American energy perspective is really the way to look at it, and it's especially true in the case of natural gas, where we see those networks and pipelines being deeply integrated.

Natural Resources committee  That was a point that I thought of maybe emphasizing. I like your point about Canada showing that leadership technology-wise. That's been the case for the past so many years. I must say that we heard earlier from our ISED colleagues about how many of those clean-tech firms are present in the country.

Natural Resources committee  I think the Canadian list was published before that, in 2021, if I remember correctly.

Natural Resources committee  Okay. I misunderstood. I thought you were talking about the initial list.