Environment committee  There are a few things I want to say here. You're right to point out carbon pricing. At the same time, if carbon pricing becomes sufficient for it to be economical, then I don't think we should be talking about support. If it's not necessary and it will happen, the industry can

Environment committee  Yes. To be prudent about this approach of supporting CCS, versus CCUS in some cases, I think it needs to be done outside of the oil and gas industry, and especially outside of sectors where it seems to be a silver bullet, when it's not. Don't get us into building a lot of infrast

Environment committee  Sure. We're going to have to do a lot of carbon capture and storage in order to reach carbon neutrality, or at least that's what all the modelling seems to suggest at this point. That means we need to be careful about where we use it, especially in the short term. It's still an e

Environment committee  Yes, I can pick up. Maybe this is an oversimplification, but at some point, we just need to go back to the original question, which is, why is there support for this particular industry? I alluded to the answer in my opening remarks. Is it for job creation? Is it to support comm

Environment committee  I know the debate on that definition is a complex one, as Mr. DeMarco said earlier. Whether you call it a direct or indirect support provided by the government through whatever incentive it might be, I consider it a support. Now, will we call it a subsidy in the context of intern

Environment committee  It has to be part of the tool box for sectors in which it's impossible to do otherwise, but that doesn't include oil and gas.

Environment committee  It's definitely possible to make significant progress toward those targets, but we very much doubt it based on the results we've achieved so far. You have to understand that the deadline is slightly more than seven years away. Many sectors can begin a transition, which will be n

Environment committee  Electricity is a good example given the provinces' jurisdiction over the sector. One of the issues the federal government is forced to consider in the plan is the realistic role it can play in getting things moving in the right direction. We can really see in the plan released l

Environment committee  Unless I'm mistaken about the name, the plan raises the idea of creating a national council for electricity measures and thus helping to accelerate decarbonization. Would it be better to rely on existing councils for that? Perhaps it's hard to answer that off the cuff. We alread

Environment committee  I don't, actually. Our results are nuanced in a very important way with regard to carbon capture. On the one hand, it seems to be—and there seems to be consensus more and more on this across net-zero reports around the world—that CCS will be necessary to reach carbon neutrality

Environment committee  Thank you very much for your invitation. It's a pleasure to be here. Although I'll be making my remarks in English, I will have no problem answering questions in the language in which they are asked. I'm a public policy lecturer, and I work as a research associate at the Trott

Natural Resources committee  Thank you for your question. You have to be careful when it comes to carbon capture. Indeed, short-term investments can seem appealing. I'm going to refer to a few of the statements made earlier. The idea is to achieve net-zero emissions by 2050. Technology will get better, but

Natural Resources committee  The figure I'm stating is from our last modelling effort. The idea here is to try to optimize what the lowest cost is to get us to the economy-wide 2030 target. In that exercise, we find that by far it's to focus, first and foremost, on the oil and gas sector. Now, of course, th

Natural Resources committee  Sure.

Natural Resources committee  No, I don't believe it will.