Good afternoon.
I'd like to acknowledge all my colleagues. I want to take a moment to ask all my colleagues to use the headset. It makes a real difference in terms of sound quality. There has been a major discussion on the viability of technology in the parliamentary setting. This would be a good opportunity to lead by example. Thank you in advance.
Minister Bains, thank you again for being here. You mentioned in passing the idea of investing in the automotive industry. However, we can see that the oil industry is currently experiencing difficulties as a result of the economic crisis and war. This is a lose-lose situation. When the price of oil is low, consumers are very tempted to purchase a huge amount of it. There's no incentive for energy conversion in relation to the industry. High oil prices lead to a significant amount of investment, because we see this as a business opportunity.
Has the idea of an ecological transition, as it has often been referred to in the industry, been dropped because of the crisis?
What type of investments will be made in the automotive industry that you referred to earlier?