I appreciate the Minister's comments. Unfortunately, he didn't mention where most of our dollars are going and that's plan A, which is the pursuit of fossil fuels, a very, very risky investment, getting riskier every day. The International Monetary Fund found that between directly lowered prices, tax breaks and uncompensated environmental damage, fossil fuel subsidies worldwide were over $1.9 trillion in 2011 or 8 percent of global government revenues, a huge drag on economy. The IMF's solution to both economic and climate risk is simple: End fossil fuel subsidies and tax carbon. They add the recognition of the necessity for worldwide conversion to renewable.
What is the Premier doing to transfer subsidies - and, believe me, we are subsidizing our fossil fuel industries to the tune of many millions of dollars - from a dying energy sector to one with a future? Mahsi.