Thank you, Chair.
You'll have to excuse me. I am having a hard time taking the member opposite seriously when I know her husband is lobbying for Enbridge on this matter.
To the witnesses who are here today, in the last two years, the top four oil sands companies made $59 billion in profits. As it was mentioned by Mr. Kruger, record profits were made. However, the Pembina Institute notes that there were no new investments in emissions reductions. Of your cash flow, 75% was redistributed to share buybacks and dividends. In 2022, only 0.4% actually went into emissions reductions.
At present, Canada is offering a 50% investment tax credit for carbon capture projects, and Alberta has now proposed 12% on top of that. These investments are eligible going back to 2022, in Canada's case.
I just need a number, perhaps from Mr. McKenzie. What percentage of this project are you expecting the public to cover?