Thank you, Mr. Chair.
Ms. Pierce, going back to Shell Canada's Quest project that I mentioned earlier, five megatonnes of carbon were captured as part of that project, but 7.5 megatonnes were produced during the same time period. I'd like the people watching us to know that $777 million of the total $1 billion cost invested in that project came from public funding.
Now I'd like to discuss the Institute for Energy Economics and Financial Analysis. According to that institute, 10 of the 13 carbon capture and storage projects currently under way are underperforming or have simply failed.
Ms. Pierce, how can capturing one megatonne of carbon per year be of any help to an industry that, according to recorded data for 2022, produces slightly more than 158 megatonnes in that same period of time?