Thank you very much, Mr. Chair.
I thank all the witnesses for taking the time to be here and for giving us some good information.
Mr. Battershill, you talked a lot about how we're communicating things and some of the impressive innovation and technology advances that we've made already in Canada. Ironically, you talked about $1 trillion in resource revenue over the next 20 years, and I'm wondering if you can recalculate that number after yesterday's budget's eliminating the exploration tax credit. I bet you it's not going to be anywhere close to that.
In my riding, I have Blackspring Ridge, an Enbridge operation of 170 wind turbines. I have 60 municipalities that are working together to do an energy-from-waste program. I have Drake Landing, a solar geothermal community. They've done all of it. You talked about the Xprize and MEG Energy's HQ. We had them in a couple of weeks ago. The energy sector—the oil and gas sector, the oil sands—has reduced its GHG emissions by 30% over the last 20 years. They have done all of these things without a price on carbon. They have done these things because it makes them competitive, it makes them efficient, and it's the right thing to do.
Can you talk a bit about why these innovations are happening? They're doing this on their own in the private sector. I don't think a carbon tax is all of a sudden going to make them innovate, because they're doing it already.