To any of the concerns out there with regard to the oil and gas sector globally, look at a country like China. China has one of the largest electric vehicle companies, called BYD. I think that's the name or the acronym.
The Chinese have built this huge electric vehicle company. We know the United States has placed tariffs. We have placed tariffs on steel, aluminum and electric vehicles to protect Canadian workers. The Europeans have placed tariffs as well.
The transition away from the way we look at traditional oil consumption has started. It has not only started, but it started with countries like China, where I believe the EV market share is now over 20% of EV sales in the world. It's started.
Now, a country can be what I would call a dinosaur or a laggard—I remember there was a Reform Party leader and some dinosaur thing from many years ago—or it can be a first mover. We can be the leaders of the world and go, as we would say in the hockey analogy, where the puck is going. We can take the puck and actually score the goals and create the jobs.
That's the way I look at it. I think the countries and the companies that are doing that will be the leaders of the world tomorrow, although I agree that we have to get applications and developments done faster in mining and resources.
I think the chair's saying, “That's enough, Francesco”, so I will stop there. That's my time.
Mr. Clarke, I thank you and all the witnesses here for your testimony. I am the last individual speaking. It's always great to hear from a wide variety of diverse voices in our economy and in our country.