Thank you. That's reassuring to hear.
Canada has brought forward carbon pricing for large industry through the output-based pricing system that requires industry to emit less than the industry average for that sector, as well as provide credits for reducing emissions even further. Canada is also in the process of finalizing the clean fuel standard that will provide compliance credits for reducing the emissions intensity for oil and gas. We've also proposed bringing forward a tax credit for carbon capture, utilization and storage to encourage investment in a space that the IEA has recognized is critical to meeting the world's GHG reduction targets.
Given that we have these three mechanisms, what assurances can Environment and Climate Change Canada provide that the emissions reductions activities won't be able to double or triple count with these three mechanisms and indeed be able to show that emissions reductions will be verifiable and additional to what would already be required under our carbon pricing system?