Thank you very much, Chair. I appreciate the opportunity.
Dr. Exner-Pirot, thank you for being here today. I have some questions.
In considering alternative emissions management tactics, you previously stated:
It is hard to conceive of a more expensive and divisive way to reduce emissions from the sector and from the Canadian economy than the proposed emissions cap.
Can you explain why the emissions cap is really a production cap and why is it harmful in terms of investment?