Thank you so much, Mr. Chair.
My first question is for Dr. Hoicka.
In your opening statement, you talked a little about the imbalance in supports to the fossil fuel industry in comparison to renewable energy: $14 billion per year from governments for the fossil fuel industry, whereas renewable energy has been receiving less than $1 billion in funding over the past four years.
You also mentioned that Canada is not supporting these proven technologies to the extent that's needed to meet our climate goals.
Do you think that fossil fuel subsidies are diverting funds away from market-ready and scalable renewable solutions?