Beyond industrial carbon pricing, I'd also like to highlight methane and the success that some parts of Canada, British Columbia in particular, have had in reducing methane from oil and gas emissions.
Our research has found that British Columbia is the first jurisdiction in Canada to have met its 2025 oil and gas methane emissions reduction target, and they did so two years ahead of schedule. Notably, B.C. achieved this while also growing national gas production, highlighting the fact that stringent methane regulations do not undermine the industry's ability to operate.
In fact, methane abatement is one of the lowest cost and most readily available emissions reduction opportunities in the oil and gas sector. It also creates jobs, particularly in small and medium-sized businesses that work to develop world-leading methane abatement technology and assess leaks at oil and gas sites and things like that.
It really is a success story that we've seen in British Columbia when it comes to reducing methane from oil and gas.