I think they'll be incredibly complex, and by the time we figure them out, it will be too damaging.
Just to be clear, our sector is not against carbon pricing. The proposals I talked about have all been introduced despite the Canadian carbon pricing going to $170 per tonne within the next decade.
It can be a major incentive, but we have to ask what we are doing with the revenues. If those are simply moved out of the productive sectors and set aside for other reasons and we're not putting things back in the way the American IRA does, then we have a significant problem.
Yes, it can spur on the type of activity we want, but we still have to think about what the cost of capital is at the end of the day, and whether Canada is maintaining a competitive landscape to attract these investments.