I talked about the IEA future demand scenarios if countries move forward. My colleagues also mentioned the 136 countries, representing 90% of the world's GDP, that have committed to net-zero goals. Combined with the cost declines we see in renewables like solar and wind, as well as storage and hydrogen, which have been phenomenal over the past decade—80% to 90% reductions in solar, 40% in wind, and battery storage has gone down significantly, as well.... I think we could be suggesting that we're going to increase production in our oil and gas sector, but I don't think that the global demand is going to be there. That's not what the scenarios are telling us.
Because we have such great opportunities in these other energy sectors, including hydrogen, which could be used for export.... For example, the proposed LNG pipeline across British Columbia could be converted to export hydrogen. They are saying green hydrogen will be on cost parity by 2030 with other forms of hydrogen. Canada has a huge opportunity there.
You named the critical metals and minerals, which are part of the battery conversation. The battery is going to be the central part of the new energy system. Renewables have their intermittency. Batteries are now where the most money is to be made and where the most IP is. Canada is well positioned with our metals and minerals, our clean electricity, our skilled workforce and our auto sector. That should be where Canada is investing, and growing out that sector and the jobs to strengthen our economy.