We do want to address these competitiveness issues. However, I don't think that the federal carbon pricing backstop should address intra-jurisdictional competitiveness issues. It is a challenge to address those issues with our foreign competitors. We are still in the process of developing those output-based standards, which will provide a relief and a protection for those sectors. However, Canadian society overall has a responsibility to meet the Paris targets for many reasons, including for the cost of inaction that we heard my colleagues refer to earlier. The output-based pricing system is also a subsidy to industry. It should be said that if we reduce the industry's responsibility to reduce greenhouse gas emissions, we're increasing the burden elsewhere.
On May 7th, 2018. See this statement in context.