Thank you, Mr. Chair, for your generosity today.
Thank you to all of the witnesses.
My questions are for Mr. Giroux.
Energy plays a big part in the fiscal stability of Canada. Energy provides a lot to the revenue. Provinces contribute to equalization. With provinces like mine, in Alberta, we make a substantial amount from energy royalties. The Canadian Energy Centre projects that between 2000 and 2019 the energy sector provided provinces with an average of $35 billion in royalties.
What do you think the overall impact would be to equalization if energy wasn't there to provide so much government revenue?