Fossil fuel subsidies, unfortunately, continue around the world. We see, in particular, fossil fuel subsidies for consumption in many parts of the world. This is to offset the increasing costs of fossil fuels that people on the ground in many countries are experiencing because fossil fuel markets are becoming increasingly volatile.
We are one of a number—I wouldn't say a tiny number, but still a relatively small number—of countries that are offering the amount of subsidies that we do on production. I'm not sure that Canada would necessarily count itself amongst those other countries like Saudi Arabia, the United Arab Emirates and, of course, the United States. We are certainly falling out of step with many of our global peers when it comes to really taking advantage of the transition.
I will point out that Canada has a unique advantage. We have an incredible abundance of clean energy in this country that we are not taking advantage of. Instead, we obsess over this one industry that, yes, is important and we need to plan for a managed phase-out of that industry over many years with respect to workers and communities, but let's invest in the resources that we have in this country. Those are clean energy resources.
