Thank you, Mr. Chair.
Thank you for being here.
My biggest question pertains to how the calculation will work to estimate what is laid out in the bill. You're going to estimate the charges to be levied, and that's what the transfers will be based on—the payments you'll be making to the provinces that, in the federal government's view, are not sufficiently taxing carbon pollution. What is the formula, and how are you going to arrive at the estimates on which the transfers will be based?