Thank you, Mr. Chair.
Thank you, Minister, for being here with us today.
I'm going to follow up on Monsieur Simard's questions about the tie-in to that International Energy Agency report. I'm happy to hear that Canada was one of the players that actually commissioned that report and asked for it.
I assume you accept the findings. One of the findings is that no new oil and gas projects are needed in the world. As you say, we have enough oil. Another one is that North American sources of oil and gas will see a real diminishment in their market share, as opposed to other parts of the world. This will obviously have real impacts on the Canadian energy sector.
The Canada Energy Regulator came out with a report that said we didn't need Trans Mountain expansion and we didn't need Keystone XL—that we had enough pipeline capacity with other pipelines—and yet we're doubling down on the Trans Mountain expansion. The cost of that pipeline to the Canadian taxpayer is about the same as your projected investments over the next 10 years in climate action. We have independent analyses that show there won't be any real profits for Canada from the Trans Mountain pipeline.
Without any real profits, why not have a real plan to spend that money, that $15 billion, on projects for the future? You've outlined a lot of the good things that the government is starting to do to fight climate change. Why not double down on that to create good, long-term jobs for the future to really respect the workers in the energy sector? They're facing a really uncertain future when they see reports like the IEA report. We should be respecting them by investing in other sectors instead of the oil and gas sector.