Thank you for the question.
Lesson 2 in our 2021 report is “Canada's economy is still dependent on emission-intensive sectors”. We posed several questions for parliamentarians to consider. As I indicated to this committee in prior appearances, because over half of all emissions in Canada are from just two sectors, oil and gas and transportation, Canada needs to get a handle on those sectors. It's a choice for the government and parliamentarians to determine which measures to use, to the extent that some measures are set out in legislation.
However, the fact remains that all sectors need to abate their emissions to meet the target, especially oil and gas, because it's the largest one, accounting for over 30%. The oil and gas emissions cap is the current choice by the current government. Whatever the measure is, there needs to be something to bring that curve down in the oil and gas industry, which electricity, as I mentioned in my opening statement, has been able to do, even with an increase in production over the last 30 years.