Natural Resources committee  I think some of the other countries are better positioned to act more nimbly to export to Europe. They already have facilities and infrastructure, but remember that every time gas is diverted to Europe, it's leaving a gap for who they're currently supplying. If you overlap that with the fact that our global demand for gas and oil still shows no sign of slowing over the short term, I don't think that Canada is at any risk for overinvesting in exporting its products.

Natural Resources committee  Thank you for the question. Your preamble was excellent, and I agree with you fully.

Natural Resources committee  One of the reasons we would target the large emitters first is perhaps to set the tone, and also you probably have a better chance of making a substantial impact in a shorter period of time with some of the large emitters than you do with all of the individual emitters. That is not to say they shouldn't go hand in hand, but the chance of an individual retrofitting a furnace, as an example, is a lot less than it is for one or two albeit substantially large investments in some of the bigger power plants.

Natural Resources committee  Thank you for the opportunity. You know that necessity is the mother of invention, and without pipelines, we've seen the upsurge of transportation by rail. There are challenges with that as we all know. There have been some substantial accidents, as well as the fact that economically there are some challenges.

Natural Resources committee  On the required pace versus the current pace, if you look at the economic activity currently in the oil and gas industry and how it's throttled back as a result of lack of market access, if you look at the very short window we have to compete with global LNG projects and the window is closing, if you look at all the economic potential we're missing right now and then you add into the situation what's happening in Ukraine and what will happen elsewhere, I'm actually not sure what else is required for us to increase the pace.

Natural Resources committee  Thank you for the question. It's a very good point. Any time an energy efficiency project is undertaken, of course it requires equipment, but it also requires the skills and the knowledge and the know-how that go along with it—the skills to choose the right equipment, to install it properly, to operate it properly—and those are very highly technical, highly specialized skills that Canada does have.

Natural Resources committee  Thank you, Mr. Chair, ladies and gentlemen. It is my absolute pleasure to be here today. As you may know, Deloitte is among the largest professional services firms in the world, with offices in more than 150 countries, including Ukraine. Suffice it to say, the issue we’re discussing is close to us in numerous ways.