Thank you, Mr. Chair.
My question is for Mr. Hayes.
In the context of COVID-19, of course the government is loosening the purse strings to bring in a number of measures, but I see a bit of a paradox here. I'd like to get your opinion on this.
In 2009, Canada joined other G20 countries in committing to gradually eliminate the ineffective investments and subsidies being injected into the fossil fuel sector, including dirty oil in Alberta. It appears that not very much has been done since, and in fact, the federal government has invested billions of dollars in the industry. Consider for example its purchase of Trans Mountain and oil tanker cars and its subsidies to businesses. We understand that the oil industry is having serious difficulties. That much is obvious. Should this not actually be taken as a sign that the government should stop investing public money in this sector, and invest instead in areas that will foster the emergence of a non-oil economy, especially in Alberta?