Thank you.
As has been said many times, the problem is the carbon embodied in the product. I'd like to disagree with the last witness, Professor Winter. If we increase the production of oil and gas, that will increase the amount of emissions in the atmosphere. Even, let's say, if we use carbon capture and storage—and again there was a question earlier about how much the industry wants—the industry wants $50 billion from the government to pay for carbon capture and storage. That's why 400 of Canada's leading scientists and economists sent a letter to Minister Freeland saying that this is a bad use. A tax credit towards locking in a sector that is incompatible with a climate-safe future would be a terrible use of public dollars.
Even by using carbon capture and storage, we can actually tackle only between 3% and 9% of the carbon associated with the life cycle of oil and gas. There's no way we can talk honestly about increasing production if we want a livable future.