Thank you.
With only six minutes and four witnesses here, I'm going to try to get to each one.
I'm going to start with Professor Pineault.
You stated that you want to see an excess profit tax on the oil and gas industry. Oil and gas exports are overwhelmingly Canada's largest export. The resource is overwhelmingly located in my province. The mineral resource ownership is an area of exclusively provincial jurisdiction.
Do you really think that this is the time, in an extremely volatile commodity...? It's a commodity that was trading below $60 a barrel before the war began, and, in fact, very recently was priced negatively, given the differential on markets that it gets to. Do you really think that it is advisable for the federal government at this time to impose a new tax on Alberta's most important industry?