Thanks, Madam Chair. I will take the minute and a half.
I know we're talking about what the U.S. is doing, and we want to be in lockstep. We've heard about the U.S. PROVE IT act. Lawmakers down there, Republican and Democrat, are looking at industry and carbon efficiency.
This act was supported by the U.S. Chamber of Commerce, the American Iron and Steel Institute and the American Petroleum Institute. There are many other organizations supporting this act because they know it will give a competitive advantage to countries that have carbon pricing mechanisms or progressive environmental policies in place.
We hear the Leader of the Opposition talk about axing the tax, but in 2021, the Conservatives had carbon pricing in their platform. They've just turned around. This means uncertainty to industry partners that are looking to invest in Canada because we're seen as a progressive partner. Companies are coming here to create jobs.
I think it's very important for committee members and those watching to understand that we have a leg-up when we look at the G7. With our carbon pricing, we're actually competitively ahead of many other countries.
It's important that we look at what the U.S. is doing. The U.S. bill was supported by Republicans from Florida, Indiana and Oregon—from across the U.S. I don't think this is the end of the line, though.
As a quick comment, I want to thank Mr. Sawyer for bringing up that the U.S. PROVE IT act is just one way the U.S. is looking at this. It's being studied, so we'll see where it goes from here, but I know there are a lot of organizations and institutions down in the U.S. that support it.
Thank you, Madam Chair.