Thank you, Mr. Chair.
Dan, thank you very much for being with us today. I appreciate it. My riding is Foothills, in the southwest corner of Alberta. It's great to have an Albertan with us today to talk about this industry.
One of the things you talked about at the end of your presentation was communication and substance. One of the things that our committee has to do, which we've heard so much about, is get the message out about some of the extraordinary innovations and partnerships that are developing in the private sector.
We've heard over the last couple of weeks, certainly not from the members of this committee—we have a great group here—but from some other members of government, that we will not be able to explore our fossil fuels, specifically the oil sands, without increasing greenhouse gases. Our best solution to this is to leave up to two-thirds of our energy resources in the ground.
I look at some of the things that your group and your partnership have been able to do. Over the course of the weekend, I read over some of the projects you've done. For example, 90% of the water is already recycled. Today you talked about direct hot water production. One that really caught my eye was a CNRL, Canadian Natural Resources Limited, project to convert algae and reduce greenhouse gas emissions. I'm wondering if you could talk a little bit about it, if you have some more detail. They were talking about the potential to reduce their greenhouse gas emissions by 30%, or the equivalent of taking 300,000 vehicles off the road. It's projects like these that will make a huge difference. Can you talk about that project a little bit and how far along it is?