One of the significant things that's talked about when you talk about carbon policy and carbon border adjustments in all of these cases is carbon leakage. It's an inelegant term because it doesn't really describe what you're talking about very well. It's not understood by an average person.
It is industry responding to industrial policies, such as industrial pricing, by changing jurisdictions. What you want when you're looking for good, robust climate policy is something that avoids this carbon leakage. You avoid a facility moving from jurisdiction A to jurisdiction B because it has favourable treatment in one province versus another, for instance.
I know the government has a forthcoming climate competitiveness strategy, which we look forward to. When we talk about climate competitiveness, what we want is something that will reduce emissions but maintain the jobs in the industry in the country so that we don't have this depression effect on industry, but we have an environment in which industry can grow and produce at the same time it reduces emissions.
