Thank you for the question.
People sometimes tend to talk about climate change and the role that the electrification of transportation, among other solutions, can play in reducing greenhouse gas emissions. However, people forget one thing, and that's air pollution.
As I said in my presentation, Health Canada indicates that the cost of air pollution is $120 billion a year. That is a monumental cost. Much of this pollution comes from the transportation sector, as well as the oil and gas sector.
The Environment and Climate Change Canada website, for example, states that greenhouse gas emissions from the transportation sector represent 25% of total greenhouse gas emissions. In fact, it's the emissions coming out of tailpipes. Another 24% comes from the development and refining of the oil needed to make the fuel.
This means that if we rely on carbon capture to reduce greenhouse gas emissions, we will reduce greenhouse gas emissions from oil development, but not greenhouse gases that come out of tailpipes. In other words, carbon capture will have no impact on more than three‑quarters of the transportation sector's greenhouse gas emissions.
That's why we think the electrification of transportation is a much faster and more direct way of reducing greenhouse gas emissions.