Natural Resources committee  EDC will continue to support the oil and gas sector, but we will stop directly financing international fossil fuel projects, as agreed to in the COP26 statement.

Natural Resources committee  That's correct. We will continue to provide assistance to the oil and gas sector on commercial terms.

Natural Resources committee  I think we value Mr. Collyer's perspective as part of a broad perspective from a variety of industry, civil society, government and private industry groups on our ESG advisory council. It is one voice among a number at the table. To be very clear, EDC will no longer support inte

Natural Resources committee  EDC's mandate is to serve all Canadian companies, regardless of sector. We do that very much in line with the government's instruction with respect to its COP26 commitments. We see a real opportunity to assist Canadian companies in the oil and gas sector to transition to a lower-

Natural Resources committee  As we move towards a zero target for January of next year in terms of EDC's ability to provide additional financing to international fossil fuel companies, I believe we will be fully aligned with the government's view with respect to the language in the COP26 statement. I would a

Natural Resources committee  From EDC's perspective, it would include both. For example, there's investment in renewable energy, wind, hydro and solar, as well as products, services and technologies that will reduce greenhouse gas emissions in any sector. It could also include oil and gas and other natural r

Natural Resources committee  I'll defer on the specifics with respect to the pipeline, which is the purview of the Department of Finance in this case. However, certainly the $5.5 billion is getting closer to our actual numbers. Again, last year—

Natural Resources committee  I can for sure say that it was $4.3 billion last year, to be very specific, which is considerably down from where we were five years ago. With respect to the Trans Mountain pipeline, I think my colleagues at the Department of Finance would probably be better positioned to answer

Natural Resources committee  We act as an agent of Canada for all purposes with respect to the Canada Account, so that file is fully run by the Department of Finance.

Natural Resources committee  As of 2021, that number would not be accurate, from our perspective. In 2021, EDC provided approximately $4.3 billion in support to domestic and international companies in the oil and gas sector. It's interesting to note that was also the first year that our support to clean tech

Natural Resources committee  We would say that it is compatible with the government's intent as described under the COP26 agreements. As I mentioned earlier in my introductory comments, EDC will achieve zero new direct international financing support for oil and gas by January 1. That is on target. We have r

Natural Resources committee  Perhaps I'll start by saying that we agree EDC does not provide subsidies. Our definition really derives from the World Trade Organization and the OECD in terms of how we operate on commercial principles. We would say, as the first point, that we do not provide subsidies. Where

Natural Resources committee  I will try to give a quick summary today, and I'll provide the clerk with some additional information dating back to 2016 as requested. I can state today that, for example, in the forestry sector, we currently service—

Natural Resources committee  You certainly can.

Natural Resources committee  That's great. Thank you very much, Mr. Chair. Good afternoon, honourable members, ladies and gentlemen. My name is Todd Winterhalt. I'm the senior vice-president and communications, marketing and corporate strategy officer at EDC. We're delighted to be here today to contribute t