Thank you very much, Mr. Chair.
Thank you very much for all of your testimony and thank you for being here and being patient with our crazy schedules. I know you've been moved around a lot today, so we certainly appreciate that.
Let's start with Laurence, if I could. This is a question that I've asked a couple of times now in this study, and I'm interested in your perspective on it. Carbon leakage is a concern to all countries that act to reduce emissions. I believe we can remain competitive as a country and encourage companies in Canada to reduce emissions, all the while keeping production here.
In the new NAFTA 2.0 or the USMCA, there's the enforceable environment chapter to protect Canadian businesses from trading partners that may not want to offer the same level or may have an unfair advantage environmentally. I think this is huge, first of all. I think this was something that was very important to put in the USMCA. I'm interested in what other tools—I think one of you mentioned the tool chest—Canada might have to mitigate carbon leakage concerns. What else can we do? Also, what are your thoughts on that environmental chapter?