Thanks, Mr. Warawa.
Before we kick off our final round, I have a few questions.
I appreciate both organizations being here representing primary sectors in the Canadian economy. I appreciate your talking about the opportunity for a new revenue stream, whether through biofuels or using biomass to replace coal, possibly, in some of the thermal generation electrical plants, and also the whole avenue of carbon sinks.
There has been a lot of talk about cap and trade with offsets or about carbon taxes. A book just put together by the Pembina Institute and the David Suzuki Foundation talks about both. I'm reading that both your organizations prefer to have a cap and trade with offsets rather than a straight carbon tax to price carbon. Is that correct?