Thank you very much, Mr. Chair.
I want to thank all of you for coming. You are giving us some phenomenal information, and I appreciate your taking the time to be here.
Alex, good to see you here as well. You talked about your report that came out last week regarding the decrease in investment in Alberta's oil sands. We are talking $60 billion over the last two years, a 62% decrease from 2014. Just to put that in perspective, that would be like losing half of our automotive industry. I don't think people understand that. If this were happening in southern Ontario, we might have a much different reaction Canada-wide.
We have seen oil go up past $40 here in the last couple of weeks, but that hasn't stemmed the loss of investment. Our job here in this study is to.... What can we do as parliamentarians to try to stem that tide? What would be your advice, as CAPP, for us? What can you see us do, and ask the minister to do, to start to rebuild that confidence and have these producers start investing in Alberta again?