Thank you for your question.
Actually, I'm going to take this opportunity to put some things that have been said in the proper perspective.
First, I feel it's important to note that emissions from the oil and gas sector have gone up 87% since 1990. So we've reached the point where the government needs to step in.
Despite what some of the other witnesses today believe, if we want to avoid a climate disaster and a temperature increase of more than 1.5 degrees Celsius, we need to ask ourselves how Canada can lower demand if we want to avoid a climate catastrophe. In its carbon neutrality report, the International Energy Agency says we've already hit the ceiling for global oil demand and will hit the ceiling for gas about halfway through this decade.
Every country thinks it will be the last to produce what's left of oil and gas. However, the fact is that Canada is a huge polluter in terms of carbon intensity, and it's also extremely expensive to produce oil and gas.
This emissions cap is an opportunity for us to gradually transition our economy and diversify to sectors that are globally competitive right now, making workers and communities the primary concern in the transition, because it's already happening.