Thank you so much for the question.
We've been collectively subsidizing the oil sector for decades. Maybe to drill down a bit into the point that I think you're trying to make, to me this bill is not about defunding oil and gas. This is about prioritizing clean energy and green tech, and about competitiveness for Canada. There seems to be a consensus across the board here with regard to the questions that are coming not only from the members of Parliament but also from the witnesses.
Canada needs to remain competitive with other jurisdictions in all sectors, including oil and gas. This bill is helping to lay a bit of a foundation to do that, because we're missing the boat. If we look at what's happening in the U.S. with regard to the Inflation Reduction Act, the climate-smart commodities investments, the bioeconomy and global competitiveness investments, we're losing ground.
To go back to your question, this isn't about defunding oil and gas or taking away subsidies to that sector. It's about helping increase our competitiveness moving forward.