Thanks, Mr. Rosser.
I find it interesting that both you and Ms. Govier from the Department of Finance use the word “interests” to describe the very real concerns that the stakeholders you've consulted with are raising. I would say they are not “interested”. They are very worried about the potential impacts of this, when no other country, in your own words, is looking at implementing this on agricultural products. I really wonder why this is a path we would want to go down, if no other country is following that tack.
I'll go to Ms. Govier.
We now know that the cost of administering the carbon tax alone is about $82 million annually. It takes almost 500 bureaucrats to take on that task. I would say it's not the greatest return on your investment.
Has the Department of Finance done any similar analysis on what the cost of administering a carbon border adjustment would be for the Department of Finance, the CBSA or any of the other departments that would be tasked with administering this program?