Thank you for the question.
I think oil and gas in Alberta is subject to carbon pricing through the Alberta TIER system. I don't hear a lot of complaints about that. I think it's an effective mechanism. I think it's all the other layers of pancaked regulation that are detrimental.
I also think the committee should consider not just clean energy and the climate but also energy security. According to S&P Global, if you impose an emissions cap, it would reduce production by 1.3 million barrels. This would be absolutely detrimental to the energy system and to global supply security, especially with what's happening with Russia and the Middle East.