This requires a long explanation, but I'll try and be as brief as I can. We can take it offline as well.
Clearly, the cap-and-trade program poses certain requirements on industry. This requires, from a manufacturing standpoint, reductions in greenhouse gas emissions. What people don't understand is that, from a manufacturing standpoint, vehicle assembly is less than 1% of the total Ontario inventory, so we're not very energy intensive at all. Vehicles in our supply chain may be perhaps because of the products they provide to us. Ultimately, the idea with cap and trade is that if you can't meet what we call the cap decline and meet the fuel efficiency improvements, and you don't have sufficient allowances or credits, then you have to buy them.
Unfortunately, with the way it's been constructed to date and thus far for the next four years, even though they commit to giving industry allowances, because we have made so many improvements in our energy efficiency over many decades—why? Because it made good business sense to improve the bottom line—we've taken all the low-hanging fruit away. Now we're talking about high-cost energy-efficiency projects.
The idea here is, you take cap-and-trade revenues and you recycle them back into the industry, hopefully using appropriate criteria to help companies to make some of the more costly energy-efficiency improvements in their operations. Ideally here, we have to keep in mind that these are costs imposed on us in Ontario, and ultimately Canada, that our competing jurisdictions do not have.
We only use, for instance, natural gas, which is part of the cap-and-trade program, to do two things: to paint vehicles, in other words, temper the air that goes into our paint shops, and to heat our buildings. Those are two things that our competing plants, say, in Texas, don't have to do. We're automatically, potentially, paying higher costs in energy or electricity that could offset our competitiveness.