Thank you, Mr. Albas.
I have some questions for the people from the Green Budget Coalition.
If my understanding is correct, we should normally price carbon properly, and that would urge the oil companies to reduce their emissions. Using their own funds, they would have to invest in technologies that reduce their emissions. However, what we see in the budget is $2.6 billion of public spending on unproven carbon capture technologies.
Do you think this $2.6 billion, which will total $13 billion over five years, could be considered a government subsidy to the oil companies?