Professor, we talked about international credits. If we are trying to achieve even the government's targets in Canada, what would the effect be on the price of carbon? The economists speak about the carbon market being either liquid or illiquid. I'm told that if we try to achieve even the government's weak targets domestically, the price of carbon would soar because the market would be so small and so illiquid that it would have a negative effect on the competitiveness of Canadian companies that export to the U.S.
On November 26th, 2009. See this statement in context.