Thank you. I would be happy to go through some of the numbers.
There was a report published by Deloitte that found that the cap would curtail production by 10%—626,000 barrels a day by 2030—and natural gas production by 12%. It would hit Alberta the hardest with 3.6% less in investment, 70,000 jobs lost and a 4.5% decrease in the province's economic output by 2040. Ontario would lose 15,000 jobs and $2.3 billion from its economy. Quebec would lose 3,000 jobs and $400 million from its economy.
The entire country would experience an economic loss of about 1% of GDP, translating into lower wages, the loss of nearly 113,000 jobs and a 1.3% decrease in government tax revenues. We already know we're struggling with GDP growth, and this would represent a significant decrease in our economic opportunities. As Adam pointed out, the productivity factor would also be compromised.
This is something that would also compromise the valuation of Trans Mountain. We know it is contracted, but there is a portion that is not. If there's no certainty in terms of what can be produced and fed into that pipeline, the valuation of the asset will be compromised.