Thank you, Mr. Chair.
I'd also like to thank our witnesses for joining the committee meeting today.
Last year, the IEA said that there should be no new unabated fossil fuel extraction projects going forward. Countries like the U.K., which also produces a significant amount of oil, have already directed their export finance to stop funding fossil fuel projects. This year, Canada has committed to ending overseas funding for fossil fuels.
In your testimony, you mentioned that EDC is committed to ceasing any new financing to international fossil fuel companies or their projects by the end of this year, which is a welcome improvement on EDC's commitment of a 40% reduction in the finance plan for fossil fuel this year.
My question for EDC, through you, Mr. Chair, is whether EDC is prepared to cease funding to unabated fossil fuel production this year.