In a federal framework, I wish you good luck.
In the steel sector you reacted very well when the Buy American Act was passed, so that the steel industry will probably be penalized during the next few years.
We didn't hear you talk about the fact that at least two out of three projects being studied in the various chambers in the United States would impose a “carbon tariff” on the countries or industrial sectors in Canada that would not reduce their greenhouse gas emissions.
Isn't there a danger that targets will be set that are not rigorous? We are talking about harmonization. In reality these targets in Canada aren't absolute reduction targets. They are intensity targets.
Last week at least two economists came to tell us that a North American cap and trade emissions market is a good thing, but on condition that it be harmonized. We can' t have a cap and trade system in the United States based on absolute targets while the federal government continues—even though it was claiming the opposite yesterday—to adopt intensity targets. They are not planning reductions at the source.