Thank you.
Yes, the documents and the regulatory impact analysis that were tabled show, in fact, that under this pollution cap, it is anticipated that production in the oil and gas sector would increase by 16% by 2030. Those who say we're trying to cut production.... That's not supported by analysis. While this is happening, the emissions would go down by 35%, which is significant. It is absolutely necessary, as I said earlier, for Canada to achieve our 2030 and subsequent targets for emissions reduction in order to get to carbon neutrality.
I should also point out that the Government of Alberta and all of the major oil companies in Canada committed to being carbon neutral by 2050. What the regulation does is to put out a framework to ensure that we start acting soon and not wait until 2048, then say, “Oh, we haven't started doing what we said we would do.”