Before I answer that question, Mr. Chair, I would like to add to the previous question's response with the fact that the oil sands production in this country from 2014 to 2021 increased 27%, yet employment in the same sector decreased by 20%. In 2022, that employment number decreased another 6%, so I would suggest there is not necessarily a direct tie-in to reduced production generating reduced employment, but rather increased production is also generating reduced employment.
I just wanted to add that perspective to the previous question.
Regarding the question associated with alignment, I think what really encouraged me to agree to chair the Sustainable Finance Action Council was the unique opportunity to, first and foremost, bring the three subsectors of the private financial system together and ensure there was alignment within that group. This is because there isn't necessarily—there hasn't necessarily historically been—alignment on a number of these issues when you look at the banking industry versus the investment or pension industry and then the life and property and casualty insurance industry. It has really served, first and foremost, to bring these folks into the same room at the same time dealing with the same issues and ensuring that alignment, and we do not send a report out to our government ministry sponsors without that agreement and that sign-off, that support.
Secondarily, when we work alongside the Official Sector Coordinating Group, the intent there is really to ensure that we at least understand and can incorporate into our thinking the positions and the areas of focus and the priorities that those organizations are bringing, that the public sector is bringing. There isn't necessarily a requirement for alignment from A through to Z, but it's really important that we at least, out of the gate, have an appreciation for and listen to each other's perspectives as we take on our respective mandates.
I will say on reflection over the last couple of years there has been, in my view and in my experience, an opportunity for us to do better work within each of our respective areas because we do have that increased level of understanding, appreciation and listening.