Thanks very much, Mr. Chair. It's a very interesting discussion.
I'd like to come back to you, Mr. McGowan. You mentioned in your introduction the disturbing royalty gap in Canada, in Alberta. It's obviously a provincial jurisdiction. The royalties that Albertans receive for the resource are much less than countries like Norway and Russia. And you mentioned Angola, even third world countries, where what they've done is actually put into place a royalty regime that makes a lot of sense. I'm acutely aware as well of the gap in sovereign wealth funds, and Norway is often given as a great example: the same level of production as Alberta over the same number of years, and the social democratic government in Norway has now put away, I believe, $683 billion. Those are resources that will go into the long term, transitioning to clean energy, of course, but also to provide for a wide array of social programs and environmental programs. In Alberta, I believe it's considerably less than that.
Can you comment on the royalty gap, on why in Alberta and Canada we're simply not getting the benefits of royalties, and what that gap may be, and also, on the gap in best practices around sovereign wealth funds?