Natural Resources committee  Thank you, Ms. De Silva. Mr. Chair, tif I understood the question correctly, the modelling that was just referenced was done by Environment and Climate Change Canada, I presume, as part of the development of the emissions reduction plan. If I understood the question correctly,

Natural Resources committee  As a general trend, oil imports are trending down in Canada.

Natural Resources committee  It does, yes.

Natural Resources committee  It comes from the United States.

Natural Resources committee  In 2021, it was 66%.

Natural Resources committee  I might point out that, as we look at past trends, the United States is taking an increasing share of this. If we go back 10 years, we can see that Canada was importing oil from a more diversified group of countries.

Natural Resources committee  Yes, about 10 years.

Natural Resources committee  Sure. As Ms. De Silva mentioned, we make projections based on a series of assumptions. Some of the key assumptions underlying the oil production forecast are that there will be an increase in carbon pricing, which has been announced, and, depending on the scenarios, there will b

Natural Resources committee  We really run two scenarios, one based on current policies and another based on evolving policies. We don't make specific assumptions about whether or not specific projects are coming online. As I mentioned, our production forecast is based on, most importantly, the price of oil,

Natural Resources committee  That's correct to a large extent. One thing I will add, though, is that you make reference to recent events that have obviously disrupted the global energy system, and the nature of our projections is really for the long term. We're talking about projections to 2050. So as the—

Natural Resources committee  As Ms. De Silva indicated at the beginning, those are projections based on assumptions we are making. We don't have a crystal ball: We don't predict the future. Instead we run analyses and models that require assumptions. Then our results will indicate whether there is economic v

Natural Resources committee  Thank you, Mr. Chair and honourable members. My name is Jean-Denis Charlebois, and I am chief economist at the Canada Energy Regulator. I am joined by my colleague Jess Dunford, director of major projects oversight at the CER. I want to acknowledge to you today that I am speaki

Natural Resources committee  No, there was not. We are a regulatory body—

Natural Resources committee  First, the government's purchase of the pipeline was not subject to a decision by the Canada Energy Regulator, as it was an equity transaction by the government. As a regulator, we had no specific role to play. Second, while the government did not seek the advice of the Canada E

Natural Resources committee  First of all, the documents that explain how the tolls are going to be calculated are transparently available on the Canada Energy Regulator's website. I assume the government consulted them before making a decision on the pipeline purchase. Secondly, you talk about tolls, so th