Mr. Chair, the very nature of energy security, of course, is very much top of mind given the events unfolding, unfortunately, in eastern Europe right now, as is often the case. Yet we also saw the United Nations report come out currently, which paints this very bleak picture of a climate change future.
I think it is, though, possible for the oil and gas industry to continue to produce with some of the technologies out there, like carbon capture and storage and direct capture from the atmosphere. I don't see that keeping production the same or increasing production is completely incompatible with meeting emissions goals.
I'd say again that it depends on the policy outcome you want. Are you trying to reduce emissions or are you trying to reduce production by the oil and gas industry? I think that designing an emissions cap inappropriately could have unintended consequences, specifically reducing the production of oil and gas when it may not be necessary to do so if emissions reductions are ultimately your goal.