It's not the only thing, obviously. There are a lot of things, like the tax burden overall, the accumulative tax burden. The red tape burden is equally bad. I would say that, one, it's not a major factor, but it's one of many factors.
This is the other problem. We have so many mechanisms. We keep getting told carbon pricing is the best way to go economically, as it's market-based, etc., but we have all kinds of other stuff we're piling on top of carbon taxes too. A lot of it is regulatory. If somebody really believed that carbon tax is it, then let's do only that. Why do we have all this other regulatory stuff piled on top?
