Thank you very much, Mr. Chair. Congratulations on the new role you are taking on today.
I want to say hello to the ladies and gentlemen attending today as witnesses. Many thanks to them.
My question is for Mr. Dubey from CVW CleanTech.
We all know that climate change is real, that it is having strong effects and that we have to adapt. We recognize that it is real, but we must also recognize that we cannot radically change our way of doing things overnight. We have to go in stages, which is what we call the energy transition.
The most recent report by the HEC Montréal states that close to 19 billion litres of oil were consumed in Quebec last year, which is a 7% increase. About half of that oil is from the United States, primarily Texas and Louisiana, while the remaining half is from Alberta. I want to point out that neither Texas nor Louisiana contributes to equalization payments, while Quebec receives about $14 billion in equalization payments, money that comes primarily from provinces that are developing their energy potential.
Mr. Dubey, since we are in an energy transition, I want to ask you the following question.
If all oil production in Alberta were to stop tomorrow morning, or if we didn't have the necessary funding to continue developing what is happening and being done in Alberta, what would the impact be on consumption? Would it decrease or, on the contrary, would the oil simply be produced elsewhere? All revenues would then go elsewhere and ultimately that would not help the planet but instead would help other countries.