Thank you, Mr. Chair.
Thank you to our witnesses.
My first question is around the estimates. I note that there are several areas in the estimates related to climate action and clean growth that have fallen quite substantially. Notably, transfer payments for climate action and clean growth have fallen by more than a third, from more than $0.75 billion last year to less than $0.5 billion this year. In particular, contributions to the low-carbon economy fund decreased by more than $180 million. Other transfers for clean growth and climate change have also decreased by nearly $12 million. Innovative Solutions Canada funding is also nearly halved. None of these cuts seem to be balanced by increases elsewhere.
Could you explain how these reductions are consistent with the ambitious action we need to be taking towards our fair share of emissions reductions in Canada?