That, I think, is our government's concern. This cuts across all sectors that are trade exposed and energy intensive.
The other thing I've noticed is that not a single expert this committee has heard from knows of any country in the world being asked to reduce emissions at the drastic rate and cost that Bill C-311 requires. Not a single country in the world is being asked to bear such a cost.
Mr. Lloyd, you made an interesting point about the fact that international credits in Canada are selling at $200 rather than the $75 the Pembina report assumes. I have some real difficulty understanding that. I'm wondering if you might be able to help Canadians understand why carbon costs are so much higher in Canada, for example, than they are in the European Union.