Thank you, Mr. Chairman. Good afternoon, Mr. Schmidt.
In your presentation, you focused a great deal on the fact that you want to meet energy needs while providing positive economic impacts balanced with environmental performance. So, you are doing research. You also talked a lot about the University of Alberta.
I myself met academics in Alberta last summer who are doing research. It focuses to a large extent on carbon capture and storage projects. We know that the federal government has invested a lot of money in that area and has provided considerable assistance to companies. Some are of the view that these projects have not really proven themselves. So, people are doing research and trying to do their best. I believe that is also your intention.
However, what concerns me is that we are taking action at a time when the damage has already been done. Are you doing this research to try and find new ways of extracting fuel, to develop a different extraction method which will have less of an environmental footprint and cause less environmental damage?