Thank you very much, Mr. Chair.
It's a pleasure to welcome all the witnesses today.
Thank you so much for your introductions and for the submissions you made in advance.
First, I'd like to ask some questions of the Green Budget Coalition. I look forward to your formal submission in due course.
Particularly for Mr. MacDougall, I recently read a report from the Pembina Institute that was looking at this year of profits for the oil sands. It showed that, if things hold, it's looking at the second most profitable year in the last decade. In spite of that, 75% of the cash flow is going to dividends and share buybacks. In spite of what we might be seeing on our smart phones and TVs and, ironically, on public transit from the Pathways Alliance, your report shows there's actually been no new investment in emissions abatement in the oil sands.
As Canada's largest and fastest growing source of emissions at 28%, why do you think there has not been investment to date? What actions do you think the government should take to ensure those companies invest in emissions abatement so they're able to do their fair share?