Natural Resources committee  Conditional on substantial emissions improvements in oil and gas production, yes, there is absolutely the possibility of increased production and lower total emissions. It's also conditional on emissions intensity improving by more than production increases.

Natural Resources committee  Border carbon adjustments are one way to address competitiveness concerns. That's by levelling the playing field between domestic production of goods and services and the imports from other countries. However, it does not protect the domestic, the productions exports to other cou

Natural Resources committee  I wouldn't say that we're setting the wrong targets. The targets are what they are. I can comment on the most cost-effective way to meet those targets, which is to price emissions and—

Natural Resources committee  Our current policies, federally and provincially, are in place to mitigate emissions leakage, including from the oil and gas sector, and that's by providing output subsidies. I can't speak to the relative emissions intensity of Canada's oil and gas versus other countries, but I

Natural Resources committee  We have the policies in place to meet our targets. It's a real question of stringency. Yes, moving to $170 Canadian per tonne may not allow Canada to reach its 2030 targets, and increasing the price after that may not allow Canada to reach its 2050 targets, but that doesn't mea

Natural Resources committee  I'm sorry but I don't have that figure at hand.

Natural Resources committee  What matters overall is global reduction in emissions. Specific to Canada, what we're concerned about is meeting our targets rather than being concerned about the targets of other countries.

Natural Resources committee  Respectfully, I would say that the problem of emissions is due to consumers. Firms are supplying the products that consumers want and the fossil fuel sector is a cheap source of energy. My comment about where emissions come from is that what we should focus on is the least-cost

Natural Resources committee  Thank you for the question. I would say that support for technological innovation should be put in place to address market failures. By that I mean not just the problem of emissions reductions but market failures insofar as innovation is a public good, so the benefits to society

Natural Resources committee  Good afternoon. Thank you for inviting me to appear before the committee on this very important issue. It is a privilege to speak to you today. I'm an economist, and my research expertise is energy and environmental policy. I focus on climate change policy and in particular, emi