I think in general I would look at that from a production standpoint versus a transition or a clean-tech application standpoint.
Decades ago, it was clear that there were a number of opportunities that Canada wanted to pursue to grow oil and natural gas production. I think with an emerging sector, those made some sense between 30 and 50 years ago. I think it's fair to say now that there is a well-established sector here. We're making some really significant changes in energy use. Those have already begun and will continue going forward.
The key is that what you're looking for really is a balance between how you maintain energy affordability for Canadians as well as, quite frankly, globally. The problem there is that it actually negatively impacts low-income Canadians the most. When you see these sorts of prices and you're not getting a response from the oil and gas companies in Canada or elsewhere to grow, prices continue to move up until demand decreases.
At the same time, on the other side, where supports, incentives and even subsidies work well is in the application of anything that is a clean technology. Some of those are very basic and very detailed. For example, in Saskatchewan and Alberta there's a great opportunity to tie in natural gas. That does reduce emissions immediately. That's been recognized by the World Bank, IMF and others. It's been done before in other provinces in the 1990s and into the 2000s, but then you move into some quite innovative pieces whereby oil and gas companies will seek to transition. Those are in things such as the great opportunity with hydrogen, CCUS and those sorts of things. They tend to be tax incentives or some other forms of support.