Madam Chair, I certainly support Mr. Mooney's last comment. There has to be a balance. We have to look at the benefits on the environmental side as well as on the economic side.
Mr. Gratton, in your testimony, you briefly touched on what the industry is doing to address its carbon footprint. I'd like to dig a little deeper into that.
Your industry has taken huge steps forward in making itself cleaner and more efficient. There are a number of different tools that government uses to incent Canadians and Canadian industries to move towards a more sustainable future. They can use technology, carbon taxes, infrastructure investments, regulations, and caps on emissions.
I would love to hear from you a very brief description of where the industry is going in response to some of these environmental challenges, and more specifically, how it's addressing greenhouse gas emissions. Of the tools that government has available, which one has been the most effective in helping your industry reform itself into one that is responsive to the public's environmental concerns?