I will—and I hate to talk about this while Ross McKitrick is on the line, because he's an expert in this.
Absolutely, the idea is that in the western world for the last several decades, where we've been preoccupied with lowering emissions and the Paris Agreement, an observable effect is that, while we lowered emissions or reduced energy-intense manufacturing industries in our countries in North America and in Europe, the consequence was that those industries offshored and went to other countries that had lower standards. The obvious outcome was that China gained industrial capacity—that's obviously now a security issue—and we have lost that investment in that manufacturing capacity.
It is very critical that, in our climate policies, we balance that competitiveness and maintain some kind of minimum ability to retain manufacturing in Canada, to have defence industrial capacity in Canada and to produce some of the minerals and the energy that the rest of the world needs. There are very few countries, other than Canada, that can export that kind of amount that makes a meaningful difference.