Sure. Thank you very much for the question.
When we designed the emissions reduction fund, we saw it as a way not only to protect jobs but also to help the industry continue to reduce methane and other harmful greenhouse gas emissions. We focused on methane because this greenhouse gas is significantly more potent than CO2, for example. It has vastly more warming potential. It's responsible for about 30% of global temperature rise, and it represents 13% of Canada's greenhouse gas emissions.
With that in mind, in terms of targeting methane emissions and limiting its release, that's one of the fastest ways to fight climate change. [Technical difficulty—Editor] obviously the cap is an overall cap on the oil and gas space, but this is one of the key components. Certainly the methane regulations are as well.
Now that the economic crisis in the sector has passed, we're refocusing the program to pull forward emissions to ensure that we are going above and beyond the regulatory requirements for 2025, and to ensure we meet our climate target for 2030.