Thank you, Mr. Chair.
I'd also like to thank the witnesses for joining us today.
I'd like to start with Mr. Golinowski.
As you know, we've set ambitious targets to reduce emissions by 2030. As oil and gas is our largest source of emissions, it has to play a major role for us to get there. You talked a bit about the tax measures related to encouraging carbon capture and storage in this year's budget.
Despite making record profits right now due to the impact of the war in Ukraine and what it's done to the price of fossil fuels, to my knowledge, the only company that's made a recent announcement about investments to reduce absolute emissions is Suncor, with a focus on wind energy and the transition from some coal power to some natural gas power for a boiler. We know these profits are instead being distributed in dividends to shareholders.
You mentioned before a bit about the competitive issues with the U.S., with the incentives for carbon capture and storage, but I want to touch on the other point you mentioned with respect to certainty. What will the government have to do to ensure investment in carbon mitigation and clean tech from these companies, by way of making it more certain with the price on pollution and perhaps also with the incentives that we have for clean tech?