Thank you, Mr. Chair.
To our eight witnesses who are here to answer our questions, thank you for being here and for your dedication to the work that has to be done in the climate crisis.
I want to focus my question around the cap on emissions, something we've been talking about over the last few meetings with both the bank executives and the oil and gas executives. Our emissions, according to our latest estimates, have dropped since 2005.
To your understanding, are the proposed emissions levels in the cap we're working on consistent with the commitments we've already made with oil and gas companies? Could you maybe share with us how things are moving along in terms of the emissions cap? They are continuing to increase production at a rate that is faster than they're decreasing their emissions density. Those emissions are now 30% of the overall emissions that our economy is facing. Where are we with all of this in terms of our estimates and the work you're doing as a department on capping emissions?