Thank you, Mr. Chair.
Minister, I'm sure you agree that despite the policies you mention, increased production of oil and gas is likely to result in increased emissions over the next few years until the oil and gas emissions cap comes into effect. I think the real concern here is that 2026 is too late for that key policy to start making a difference.
It's only four years before the 2030 target, and what we're going to see between now and then is that emissions from the sector will continue to rise, and when that policy starts taking effect, it's going to be this unrealistic sprint to the target. What's going to happen is that we're going to fall short yet again. This is the concern that the environment commissioner expressed as well.
My question is, how do we expedite that timeline? You said earlier that we need to pick up the pace. That is the core message that we're hearing from COP, from the international community, yet what we see with the oil and gas emissions cap is a very status quo rollout of a policy, with three years to develop the regulations. You've spent all this time developing a framework, and now it's going to take the conventional amount of time to develop the regulations. How do we expedite that and cut that time down by half so that it comes into effect in late 2024?