My first question goes to Ms. Cobden.
I'm a former steel worker and very pleased to see that you've decreased CO2 emissions by 31% over 30 years. Let's call it 1% per year. I understand that in order to make a big jump ahead, we're going to have to get some innovative technologies to make that happen. One percent per year is a good base if we can continue along that way. Obviously, some industries will do better, but it's nice to see steel on that track.
You did talk a lot about the CO2 tax and how much you're in favour of transitioning the industry to this new CO2 paradigm, and yet you want all the tax to go back to the industry so that it can innovate. You want the CO2 tax applied against imports, including from trading partners that are covered under certain trade agreements at this point in time. It seems like the cost of this CO2 system is going to be more expensive and more difficult, more onerous to administer, than not having a CO2 tax at all on your industry.
Would it be fair for me to say that you're actually not in favour of this, given the fact that it takes so much gerrymandering to make it work in the long run?