Natural Resources committee  Thank you, Mr. Chair. It's a pleasure to be here today to talk about these issues. As this committee has emphasized, the ongoing energy transition presents both opportunities and challenges, and will require the transformation of Canadian industries and the labour market. The g

Natural Resources committee  Yes, we have, certainly.

Natural Resources committee  I think the government is wrestling with the question of what is the right balance in terms of driving domestic reduced demand for oil and gas—something we can control and where we are well ahead of the rest of the world—versus the question of what the role is of Canadian oil and

Natural Resources committee  I take issue with your last point. We've missed targets established by previous governments. We haven't missed any target established by this government. I also think it's important to understand that the United States' economy is starting from a very different place than Canada

Natural Resources committee  I think he's referring to previous targets established by previous governments.

Natural Resources committee  This government has a 2030 target.

Natural Resources committee  This government is confident that we'll get there.

Natural Resources committee  I can speak to that very briefly, but I'll start by saying that the commitment is not about the Impact Assessment Agency, nor is the commitment about the Impact Assessment Act. The commitment is about permitting. In fact, the majority of projects in Canada, the majority of the in

Natural Resources committee  Yes, it's over 80%.

Natural Resources committee  I can start. I think the honest answer is that nobody knows exactly, but we know that demand for electricity is going to increase significantly. My colleague referred to an estimate of the demand doubling. The recent regulatory impact analysis statement that we issued for the cl

Natural Resources committee  Can I just elaborate on one point? Another thing the European Union is doing, of course, is standing up a CBAM, a carbon border adjustment measure. Canada, as in so many areas, is well placed to address that because of our robust system of carbon pricing and regulations.

Natural Resources committee  The CBAM would effectively impose a tariff on any imported products that are not low carbon.

Environment committee  The money that you're referring to is money that has come to the department to support the implementation of those regulations.

Environment committee  It's to hire staff and to make permanent the staff that we hired to develop the regulations. We also need electronic reporting systems that we maintain. We have staff that are required to support the implementation of those systems, to answer questions, to do compliance promotion

Environment committee  Thanks. I have just a couple of facts, off the top. As our deputy minister mentioned, there are two important numbers that are relevant to this discussion, and they have been released by the Bank of Canada and various economists. The Bank of Canada, just last year, said that t