Fair enough.
Mr. Shugart, the Prime Minister gave a speech publicly in London less than a year ago on behalf of this country, and he said he was going to be pricing carbon at $65 a tonne. The Turning the Corner plan that your department produced with the ministers--three of them now--indicated the annual price tag of Turning the Corner was between $7 billion and $8 billion a year.
Can you help us understand what the price tag will be if carbon, as the Prime Minister has promised, is $65 a tonne? In your answer, can you help us understand how $65 a tonne is not a tax?