The building of the Trans Mountain pipeline expansion does not undermine or hinder our ability to meet our Paris Agreement commitments. We are putting a price on pollution. We are phasing out coal. We are supporting investment in public transit. Every dollar earned from revenue from this project will actually be invested back into a greener and cleaner economy so that we can accelerate our transition to a clean economy.
We all know that as the world transitions, there will still be a demand for oil, and our oil resources are developed in a sustainable way. The intensity of the emissions from the oil sands is continuing to decline, and we are supporting the industry to further reduce that intensity. We want to be the supplier of the energy that the world needs and at the same time use the resources and the revenue to accelerate that transition. It's a win-win situation for our economy: creating jobs at the same time as protecting our environment and dealing with the impacts of climate change.