Thank you so much for your great presentations.
I'll continue on the line that Mr. Stetski was starting. We hear so much, so we're testing some of the things we are hearing at committee.
My first question will be for you, Mr. Boag.
We've heard very much that carbon pricing isn't the only way to reduce emissions. If you look at our pan-Canadian framework, there are a number of initiatives under there that will hopefully lead us eventually to meeting our Paris accord targets.
We've also heard quite a bit that we have to act quickly. It's very similar to what Ms. Kyriazis was mentioning: We have to act now and quickly.
I hear what you're saying in that it's very challenging for industry to meet the 80% benchmarks set by the federal legislation. I suspect all nations with refining resources are facing the same challenges.
It's not going to get less expensive as we move along. If the climate is changing, and that's accelerating, why wouldn't we want to face the challenge now and make the investment that needs to be made right now as opposed to waiting?