I would make the argument that increased exploration and development of oil in Canada's north, whether it's land-based or in the Arctic, is a no-go. It's a showstopper. We should not be exploring for more oil right now, considering that Canada is already blowing through its climate targets and is not set to meet those climate targets.
We need to start looking at the fact that there will be a decreasing global demand for oil in the near future. It's not just environmental organizations saying this. Companies like Shell are starting to say that. We're looking at peak oil demands globally by perhaps 2025 or earlier. So to spend money and resources on exploring for more oil in remote areas or in the Arctic is a terrible idea. You'll just end up with other stranded assets or wasted money, because we won't need new oil if we meet the Paris Agreement.