Thank you, Madam Chair.
Good afternoon, colleagues.
Thank you to the witnesses for joining us today. My first question is for Madame Brouillette.
Thank you very much for your testimony. I very much appreciated how you spoke to the fact that the design of Canada's industrial carbon price is often misunderstood and sometimes perhaps wilfully misrepresented. I'm wondering if we could delve into one aspect of how output-based pricing operates in terms of providing funds back to the provinces of origin in order to fund decarbonization and green efforts.
Could you speak to how important a funding stream that provides to municipalities and provinces, as far as funding necessary investments in green and sustainable infrastructure is concerned?