Thank you to the witnesses.
I'll start with you, Dr. Winter.
I want to talk about this context: The EU's carbon border adjustment mechanism is now fully entering its definitive phase, where Canadian exporters in sectors like steel and aluminum face potential border carbon charges.
Is there a credible argument that having a robust, well-enforced OBPS actually protects those industries from double exposure, and is a strong domestic carbon price an asset rather than a liability in that trading environment?