The first thing to keep in mind is that the world is increasingly shifting to electric and zero-emissions-based technologies. For our industries, our workers and our markets to remain competitive, we have to make sure that our economy is incentivized to move into those sectors, which is where the world is moving.
The second thing is that major jurisdictions, including markets like the European Union and China, which Canada is seeking to diversify to, especially in this context, as we're seeking to loosen our dependence on exports to the United States, have policies in place that either take into account emissions, like the EU's upcoming carbon border adjustment mechanism, or have pricing mechanisms in place.
There are approximately 14 individual countries, excluding the EU's original system, that have emissions trading systems that are comparable to Canada's OBPS. If we want to compete, it's really important that the government incentivize our industries to reduce emissions.