At the moment, there are three things I would point to.
One—and I apologize for repeating myself—the provinces will have discretion. They will be able to spend the money, the direct revenue. The existing jurisdictions are already putting in place various measures that are, at least in some cases, intended directly to address the increased costs associated with carbon pricing, whether that takes the form of a rebate or financial support to invest in energy efficiency, which will have the long-term impact of reducing your exposure to carbon pricing because you're using less carbon. So there are various measures being undertaken.
Second, in the pan-Canadian framework there is a significant suite or collection of spending programs, some of which are expressly designed to enable households and small businesses to make low-cost investments in such things as energy efficiency. In the case of remote communities, there is significant funding being made available to enable those communities to transition from their 100% reliance on diesel for the purpose of electricity generation to renewable forms of energy for the bulk of their energy needs. Again, that will have the impact of reducing their exposure to carbon pricing.
Then, in the backstop system that's codified in the legislation before you today, the output-based pricing system is expressly designed to minimize any adverse competitiveness impacts. It does that, as I said earlier, by pricing on the margin instead of pricing on every tonne of emissions. A company will have a standard, and the standard will be in terms of emissions intensity. At the end of the year, it will report how much it produced and how much it emitted. Then it can calculate easily what its annual limit was. If it emitted 10 tonnes more than its limit, it will owe a price on 10 tonnes versus all of its emissions. If it emitted 10 tonnes less than its limit, we will owe it 10 credits that it can then sell to Mr. Mercille's company, because he's far less efficient than I am.