I think the one thing we learned very decisively last year, about this exact time last year when we had an OPEC price war, is that the movement of crude oil is global. It's global supply and global demand.
If we're not supplying the crude from Alberta, from Canada, those same refineries are going to source it from somewhere else, so with [Technical difficulty—Editor] would have moved 830,000 barrels a day to refineries in the gulf coast. Well, guess what? Those same refineries in the gulf coast are going to be supplied by oil. They'll just have to source it from Venezuela, Mexico, or Saudi Arabia for heavy oil supply. Each and every one of those jurisdictions don't have the ESG standards that we have in Canada, and particularly Venezuelan and Mexican heavy oil are at a much higher carbon footprint.
It's the same with refineries in Canada. They're sourcing supply from places outside Canada. You're bringing in oil that doesn't have the same environmental standards.
I think you need to look at the energy supply and demand. You look at the North American market as an integrated market, and I think that needs to be supplied from somewhere. I think that has fundamentally hit home with Line 5 on how interdependent we are with the United States for our energy market.
Production from Alberta, I think, beats hands down production from anywhere else in the world. I think displacing it by cancelling pipelines and not supporting pipelines, trying to differentiate KXL or TMX from Line 5, is not helpful to finding solutions for climate change.