Madam Speaker, I thank my colleague for the question. It gives me a chance to add some information.
First, Teck Resources is likely one of the last in a long list of companies that have abandoned planned investments in the oil sands. I can name several, including giants like Shell, Statoil, Total, ConocoPhillips, Marathon Oil and Samson Corporation. All these companies have pulled out of the oil sands.
There is another important piece of information that may have played into the Teck Resources decision last Friday, two days before it announced its withdrawal. In reporting its results for 2019, the company announced a writedown on the value of its minority stake in Fort Hills, a Suncor Energy oil sands mine. The company itself recognized that this was no longer working, that there was a problem. This was above all an economic decision.
From an environmental perspective, we see this as an excellent decision.