I've had repeated meetings with Minister Beauchamp. She has made that position very clear to me. I simply say to you that there's no suggestion before anyone that the system we are working on, harmonized with the United States, will penalize any particular Canadian province to the detriment of itself, or favour any other.
Under any cap and trade system, however, the architecture has to define the caps, the allowances, and the structure for each industry. These targets are not set on a provincial basis. They are set on a national basis and then implemented through industrial sector-by-sector caps.
In that context, those provinces and industries that have moved more quickly will be in a preferable position to achieve their objectives. They will be in a preferable position to sell offsets and allowances. Those who have not taken action will essentially be punished in the marketplace because they will be required to buy allowances from others who are early actors.