Thank you very much, Madam Chair.
Let's start with Mr. Auer.
First of all, I want to say thank you for your and your organization's participation in the road map to net-zero carbon concrete by 2050. This is an important initiative.
You were having a discussion with Mr. Cannings about things such as carbon border adjustments, for example. You mentioned issues with ensuring that entities or industries such as yours are protected from potential competition from jurisdictions where there isn't a carbon price.
I want to get your response on two things. One is the broader issue that a carbon price is actually an economic lever that's designed to spur innovation. If you don't act to reduce the amount of the carbon footprint, there's a financial hit. The other is the output-based pricing mechanism, which is a sensitive aspect of the carbon price that I feel not a lot of Canadians fully understand. It's meant to protect industries such as yours—which are trade-exposed and operate at large volumes—from a straightforward application of the carbon price. It's calibrated based on the amount of business you are doing overseas.
Can you comment on those two aspects of the carbon price, please?