Thank you, Chair.
Thank you to our witnesses for being here today.
Mr. Labonté, I have a two-part question. International Trade might want to chime in on this one as well.
On slide 6 you said, and then you reiterated in one of your answers, that under the most optimistic renewable scenario, demand for oil and gas represents 47% of global energy demand in 2035.
I was reading an EnergyBiz Insider article this morning that talked about China, looking at the significant investment and investment capital they're trying to get in for renewables in the next number of years. They're talking $65 billion to $70 billion next year, and then somewhere up to $200 billion by 2025. They're looking to be one of our major customers, or were looking to be a major customer, for oil exports.
Are we seeing a trend like that in other countries that potentially would be our exporters? In terms of that time window, if they're going to go to 15% of power from non-emitting sources by 2020, and then 30% by 2050, what is the risk, and is the timeline small, for us to get into that market?