I'm banking on countries taking climate change seriously. Canada is a laggard; we're not a leader on this. More generally, Canada has the dirtiest oil in the world—the fourth dirtiest in the world. This came through in the ERP, this idea that we could have the cleanest and most competitive oil, but that doesn't play out in reality.
The technologies that exist to lower emissions exist everywhere. There's this magical thinking that only Canada will be able to slightly clean up our oil. That just doesn't bear out in reality. We know that our oil, because it is among the dirtiest and the most expensive, is the first that will get left behind in the energy transition.
The question is: Do we bury our head in the sand and pretend it isn't happening, or do we take care of the communities and the workers who are dependent on the sector today and make sure that, when the sector collapses, they aren't left behind? Will we repeat what we did with cod, or will we learn from that?