Very briefly, I often hear this point that any kind of constraint on your domestic economy, a carbon tax or a cap-and-trade system--and I don't say tradeable, it has to be a cap, otherwise nothing is going on--will lead to flight of capital. I think it's too late now to be making that argument any more. There's lots of evidence of how you can design these policies I've just been talking about, so that they're happening gradually. If ten or fifteen years down the road our costs of production are rising significantly and the rest of the world is not going along with us, then we can stop our policy and have a party with everyone else while the earth burns, or whatever else is going to happen. But for now, incurring those costs will lead to little, if any, flight of capital.
You've got the Europeans incurring costs right now with cap-and-trade systems, so Canada can't even talk about our going first any more. We've dithered around; other people have already put the policies in place.