Could you follow up with the committee and let us know about any modelling that specifically includes the Trans Mountain pipeline, as well as Bay du Nord? It would be interesting to know, and it would be surprising if the government isn't tracking the emissions increases from the projects that are being approved.
To Mr. Moffet, I just wanted to follow up on some of what you were saying.
When it comes to the 20% we're talking about in particular, I'm just going to read a quote here:
The federal government significantly lowered its expectations for the direct emissions cuts it will demand from the oil and gas sector by 2030, but will require the industry to pay for reductions in other areas of the Canadian economy to make up the difference.
In a policy framework for the long-awaited oil and gas emissions cap, released Thursday, the minority Liberals proposed a two-pronged approach to reduce the pollution from Canada's largest-emitting sector.
While Ottawa believes the fossil-fuel industry can reduce its greenhouse-gas emissions by 20 to 23 per cent through technological changes, it will impose additional payments for offsets and a new decarbonization fund in order to bring total emissions reductions to between 35 and 38 per cent below 2019 levels by 2030.
What the government is saying, that 20% to 23%, is about half of what we're asking, our overall target, which is 40% to 45%. Is that correct?