Thank you, Madam Chair.
Mr. Abel, I'll start with you. On January 2 of this year, I read an article in the Calgary Herald, which was incredibly troubling for me and for the constituents of Calgary Midnapore. This article stated that 2017, not surprisingly, was not a good year fiscally for the city of Calgary and the province of Alberta.
One of the major factors that the author, Mr. Chris Varcoe, pointed to, was the absence—I should say the fleeting—of foreign investment in the city and in the province and in the country.
This is not just one or two corporations we're talking about. Marathon Oil, Norway's Statoil, ConecoPhillips, Apache, and Royal Dutch Shell are corporations that have been major players in Calgary, in Alberta, and in Canada for years and are now selling off their investments, something very concerning for me and for my constituents.
Can you please speak to the impact this bill will have on the energy industry in terms of organizations, corporations, taking their investments outside Canada, following the implementation of this bill, and what this will mean for competitiveness for Canada on the international stage?