Thank you, Mr. Chair.
Minister, thank you and your entire team for being here.
Last week in Dubai, you unveiled the famous regulatory framework for capping greenhouse gas emissions from the oil and gas sector. The Commissioner of the Environment and Sustainable Development said that the delay in this measure partly explains Canada's failure to meet the 2030 emissions reduction plan target of a 40% to 45% reduction by 2030.
Although we support these regulations, we find that it took a long time for them to be announced. We also note that the regulatory framework is more of a pamphlet and that the real measure will be announced in six months. There will also be what we in the Bloc Québécois condemn—flexible measures for oil companies, as well as offset credits, among other things, to help them. So it won't make much of a difference. Maybe they won't even be asked to invest in renewable energy. That won't help them improve.
I would also like to talk about reduction percentages, which seem ambitious. I must say that I keep seeing new figures and that I am starting to get mixed up. Sometimes it's 35%, sometimes it's 31%. It's a matter of 2019 levels, and then it's a matter of 2005 levels. There has still been a 14-megatonne increase in greenhouse gas emissions from the oil and gas sector, to which it will be entitled, according to what you published about the 2030 emissions reduction plan and the emissions cap.
You were criticized for the 2022 target, but all these figures give me the impression that ambition has not been increased and that oil company millionaires are packing their tie—