To follow up on what my colleague Mark said about Bill C-377, I think that we have an important responsibility to establish the impact of Bill C-377 on the economy.
When Ms. Donnelly testified, hers was probably the only technically reasonable study that was not challenged by anyone on the committee. Ms. Donnelly stated that, for a province like Saskatchewan, the costs would be close to 99% of its gross domestic product. When we are talking about 99% of GDP—although I have some doubt as to the accuracy of Ms. Donnelly's figure—and when we even want to proceed without studying the matter, I have to say that it is worthwhile to determine the real costs that Bill C-377 will entail.
Bill C-377 calls for a reduction in greenhouse gas emissions of 25% from 1990 levels. That is not 25% of present levels, it is 52%. At this point, we are trying to be constructive and to see what that would mean for the Canadian economy. For me, economic responsibility is of the highest importance.
In our meeting with Mr. Marshall from the David Suzuki Foundation, he said that, in Quebec, producing a tonne of aluminum generates four tonnes of CO2. In China, the same tonne of aluminum generates seven tonnes of CO2. So, if we add significant cost, not just to the production of aluminum, but to all manufactured industrial products...We know the present difficulties in manufacturing. If companies produce CO2, they will have to buy credits.