Thank you for that.
You cautioned us a bit about what the impact of tensions in the South China Sea could be, or even more widely in the waters of the Indo-Pacific region. Hong Kong Watch recently published a report indicating that war with Taiwan would result in an 8% GDP hit to Canada, which is bigger than the COVID-19 pandemic and the global financial crisis. That would be via 1% financial shocks, 5% semiconductor imports and 2% trade shocks. It strikes me that providing stability to the Indo-Pacific region, where you have energy suppliers like Russia leveraging their energy, or China's control and dominance of energy transition technologies, critical minerals, refineries and all that stuff.... Canada could play a critical role in offsetting dependence on dictator energy.
How important do you think our energy proposition is to the Indo-Pacific region and therefore ought to be read into the Indo-Pacific strategy?