Thank you very much, Mr. Chairman. I would like to start by welcoming our witnesses.
A year ago, I was very struck when I heard a news item about Suncor Energy Inc.'s financial situation. For the quarter ending March 31, 2006, the company announced an increase in sales from $294 million to $1.3 billion a year. In addition, its profits increased from $67 million to $713 million. Suncor Energy Inc.'s economic and financial position is very rosy.
However, we would have liked to have seen a greenhouse gas reduction plan that matched your glowing financial results.
Since your profits are high, your sales are growing and the costs to reduce greenhouse gases are quite low, why would the company fear a very ambitious greenhouse gas emissions reduction target? Your financial situation is considerably better than that facing many other industries.