Thank you very much, Mr. Chair.
I applaud the creation of an advisory committee on sustainable finance. Perhaps I could offer a little advice on what might be worth considering, particularly on the relevance of auditing what Crown corporations are doing in terms of funding oil projects.
Le Devoir noted in an article that Export Development Canada alone had supported the oil and gas industry in various ways to the tune of $8.1 billion for 2020. In 2022, 47 new oil projects have been identified and, as of the first quarter of 2022, almost $1.5 billion had already been invested in oil. I think this is a concrete action that the government could take.
On that point, Ms. Hogan, the government announced in February 2002 that it would no longer invest public funds in the Trans Mountain pipeline expansion project. Still, it has approved a new loan guarantee of approximately $10 billion for the project.
How likely do you think it is that the corporation will not be able to pay its debt?