Thanks, Mr. Chair, and thank you, everybody, for being here today.
I just have some questions for you around the various competitiveness analyses going on related to the carbon tax. No other top 10 oil-producing country in the world except Canada is imposing a carbon tax on itself, aside from China, which is considering a cap-and-trade system in the next year. Given that, I understand there's a phase-three competitive analysis going on about the carbon tax, particularly related to emissions-intensive, trade-exposed sectors, which obviously would include oil and gas.
NRCan has also launched the study on competitiveness in the oil and gas industry, saying, “investment in Canada's oil and gas industry has fallen by over 50%,” while investment has recovered from the low point. It's not expected to reach previous levels any time soon.
I just wonder, are all of these efforts on the competitiveness analysis of the carbon tax on the energy sector being coordinated? Are all departments involved?