Thank you for that question.
From a global point of view, we could even start with Asia. People think most of the energy demand will be there in the future. People think most of the consumption for oil, gas and coal will be there. If you think about countries like India and China, you see that they've committed to stop building new coal plants. Even if they have not fully committed, fewer and fewer coal plants are being built.
Ten years ago, if somebody had said that India would stop building coal plants or that China would stop building coal plants beyond 2020, that would have been unimaginable. Those countries are already deploying large-scale solar and large-scale wind technologies. They're talking about reducing the use of fossil fuels in the long run. Even from a demand point of view, you see that countries that could have been demand centres in the future for these technologies may or may not bite on some of these resources that Canada is trying to export. That's the big picture.
Of course, every country has commitments on clean energy in one way or another. That's a very important distinction, if you think about it from a 10-years-back point of view. Canada has an opportunity to hold on to its traditional sectors and try to delay as much as possible, but it will be competing with countries that may be able to produce oil at a much cheaper rate. Therefore, it will be very difficult for a country like Canada, which is exporting, to compete with Saudi Arabia or other countries. In that sense, I think it gives Canada, being a rich country, an opportunity to really invest in a clean energy future and really plan how, in the short term, long term and medium term, these transformations can be planned.
Within that framework, I think it's also important to address the issues of workers and communities. As I said in my introduction, I do believe that hundreds of communities will be impacted across Canada as these transitions happen. As that happens, we really need to think about what the different local jobs are that can be created and what the skill sets are that will be required.
As a last point, there may be some mapping with respect to the clean energy industry and whether you could create some of those jobs locally. It won't be all.