Thank you very much.
First, I would say that it's absolutely critical for us to have an economic lens on the way we pursue net zero and what it changes for the affordability in all aspects of the economy. You don't hear that spoken about in the IEA's report and we haven't heard that from some of the other witnesses, but it is important for people, it's important for businesses, and it needs to be part of how we assess the pathways that we are on.
In terms of the contribution of the oil and gas industry to emissions, our emissions intensity has gone down by 21% and our operational changes can bring it down further. Part of the challenge is the demand for energy here and around the world. The cars that are driven, the planes that are flown, the factories that need our energy, the population that goes up, all of that increases the total demand. Whether that demand is met by Canada or Saudi Arabia makes a difference because of how we produce our energy and the commitments that our companies have to how they produce that energy. I think it's disingenuous to blame our failure to meet certain targets on just one sector.