I understand that, Professor Lee, but you use that very fact to say there could be no excess profits in Canada because we're below the OECD average. I don't know how it can be argued one way and the other.
I want to go back to some evidence-based research.
I was looking, Mr. Terrazzano, at the increase in the price of a litre of gasoline between 2021 and 2022. In fact from May 2021 to May 2022 it went up about 61.2 cents on average across Canada. During that same period, the price on pollution increased by 2.2 cents per litre. That left about 59 cents of increase in the average cost of gasoline across Canada. It seems to me that's less than 3% of the total price increase, so why is it that you are saying the entire problem lies with the carbon price on pollution?