I wish we had a couple of hours to devote to this, but I'll try to be brief.
Let me dwell on the example of the steel sector in Canada as a concrete example. In that sector, they need to make major investments to decarbonize, and the carbon price is one incentive to make those investments, but there are elements beyond their control that keep them from making those investments. They need to know with some certainty that there's going to be availability of green hydrogen at scale and of low-cost electricity at scale. Otherwise, the carbon price for them is just a cost if they don't have those sorts of guarantees.
They also need de-risking of their initial investments on some technologies that aren't yet proven. There's a huge role for government here in supporting policies to try to get those industries on board. It's not just short-term thinking on their part. There are real obstacles that Canadian policy can help to overcome, to help them decarbonize and ensure their future competitiveness in markets that are going to increasingly care about decarbonized goods flowing from Canada.