Thank you, Mr. Chairman.
I don't think any of us, certainly not my organization, are here to suggest that aluminum production should move out of Canada. Clearly we want that to continue. We have companies and facilities that are world class when it comes to that sort of thing.
It is about smart policies. As we said in our statement, it's about getting those countries involved in such a way that Chinese production or whatever does not have an advantage over Canada. If we're talking about implementing a price on carbon, there are means to recycle those revenues, either through production in other taxes on those companies or through the cap and trade system, to ensure there's an incentive to invest in the technologies Mr. Sawyer is talking about and that there isn't that cost advantage to our competitors elsewhere. That doesn't do anything for greenhouse gases internationally.
So we have to be smart about those policies. It's not just about putting a huge price on carbon and seeing what happens. It's about recycling revenues, making sure we reduce other taxes so the costs to that company are in line with their competitors. That's critically important, and I hope we've made that point clearly today.