It's going to have a big impact, of course.
People only think about the cost of these kinds of taxes, but a lot of it is the regulatory load that it puts on as well, which is also a cost. It's not measured properly. Some of the other presenters here have mentioned the same thing. I think we would agree that we don't have very good measurement of the impact of these policies.
Environment Canada used to, years ago, have an economic model—and I'm an economist, too—that gauged the impact of policies such as the industrial carbon tax. It was Trudeau who got rid of it. That was just foolish, because a lot of our problem is that we don't even know the impact. We can sort of see it, but if we could measure it better, we'd have a much better idea. The current regime is not good at that.
