The emissions cap is obviously going to reduce production. There will also be very significant economic repercussions. According to the Parliamentary Budget Officer, it will mean a decline of several billion dollars in GDP by 2032, and the loss of 40,000 very high-quality jobs. I think everyone here knows that jobs in the oil and gas sector are very well paid, at about $150,000 a year.
To answer your question, Ms. Anstey, if we cap emissions, Canada will indeed reduce its production. What we're doing with this type of federal public policy is banning a certain part of production. That production will then be made elsewhere, in Qatar or Venezuela, for example. As a result, Canadians will not be able to benefit from these very good jobs.
Unfortunately, Canada will have no impact on global demand.