Thank you, Mr. Chair.
I appreciate the officials' being here with us today.
Mr. Moffet, I think the committee would benefit from clarification on one issue. We would like to know whether that 3% reduction referenced in an earlier answer was.... Did it take into consideration the hypothetical alternative to the curve that we saw? Prior to 2015, we were on an accelerating upward trajectory with respect to our emissions. Since then, that has been turned around.
The 3% reduction in emissions that was referenced and then characterized as a 1% allocation from carbon pricing seemed to be a bit misleading from my perspective, although I recognize that there was a lot of back-and-forth throughout that question. Could that be clarified, please?