Mr. Chair, I'll just jump it.
Incentives certainly are maybe more costly on a per tonne basis for our calculation, but the question we're really getting at is this: Where do we want to build the clean economy in the future? Do we want it to be built in the United States, south of the border, or do we want to be doing it in Canada and exporting it to the rest of the world? We can help them also reduce their emissions.
We see incentives as a critical part of that. That doesn't mean there's not a mix of other tools that can help contribute to it. We certainly believe there's a chance to enable global emission reductions, but also to enable great, good clean energy jobs for Canadians in this country.
The Inflation Reduction Act has sharply changed that conversation for all of the reasons that you've outlined. It is urgent that the government assess the current environment that we are in and understand how that is impacting investment. I think germane to this discussion is that it's not just incentive and it's not just investment; it's the regulatory environment in which we're asking companies to make these investments to lower burden, because it is very expensive, costly and time-consuming to introduce a new product or service or to modernize a process when you have so many regulatory hoops to jump through. It's also regulating smarter in a way that allows us to enable those clean manufacturing innovations.