Thank you, Mr. Chair. I'll be splitting my time with MP Collins.
Ms. Cobden, we spoke a bit about carbon pricing. When I was in Paris, France, for the OECD, a conversation came up about CBAM legislation in the European Union. They are also trying to figure out ways to protect the environment but ensure their industry has a level playing field. They're looking at the steel produced in China with dirty coal. How do you level that playing field? I think they're trying to do it with their CBAM legislation, where they'll penalize countries that don't have a progressive environmental policy.
If Canada doesn't have a carbon price, would we not be at the same level as China and be competing with them? Wouldn't this give Canadian industry an incentive with the European Union?