Environment committee  The answer is clearly no. Instead, we need to support the transition of our industries. Our Canadian investors even managed to get gas included in the European taxonomy. You've seen the sustainable finance action council report. The Canadian investors who have inquired about the taxonomy want us to have a pathway to our 1.5°C target by sector that reflects the economic reality and to be able to support companies that are transitioning towards the targets.

Environment committee  Transition plans must be supported to hit the targets.

Environment committee  It's losing access to capital markets and losing access to markets for our products—pretty simple.

Environment committee  Thank you. First of all, I'll say a word about the taxonomy, which I think was very well explained by Barbara Zvan. Whether a taxonomy is introduced or not, all investors will define what sustainable commitments and sustainable finance are. As I mentioned, Canada has a better energy portfolio than most countries in the world.

Environment committee  Mr. Chair, I want to thank you and all members of the committee for inviting me and for the work you do for all Canadians. I also want to thank the Anishinabe Algonquin community where I grew up in the Upper Gatineau region, and which continues to share and preserve its unceded land for future generations.