Thank you, Chair.
Thank you to all the witnesses for joining us today and the great conversation on this very important topic.
We are having this topic because in many provinces across the country we haven't taken diversification seriously. Alberta, which is my home, is a prime example. We've lived off the great revenues that the energy sector has provided, but we haven't invested back into our communities with new jobs and economic diversification.
This is a great opportunity to continue to make Alberta and western Canada an energy leader. I think being an energy leader, of all things energy, is what we should be focusing on: on the great aspects of our economy that are going to still provide us with a lot of energy for many years to come, but also on growing other sources of energy, which are going to be critical to meeting our goals and making sure we have a diversified and sustainable economy.
With regard to my first question, we're looking at Germany and some of the other nations that preceded us on this just transition in getting off coal. What are some lessons learned? I read in the report that they talk a little bit about focusing on regional economic development rather than direct financial supports. Is that the approach we're taking here, or are we looking at a combination of both to meet our goals with the transition?