Thanks very much.
I'm not going to need the full five minutes, Madam Chair.
I just wanted to talk to Mr. Charlebois. Part of the free trade agreement language in there talks about stopping ways of “carbon leakage”. That's the terminology they've used. How they try to define carbon leakage, effectively, is that you can't have a carbon tax that is so low that you attract investment into your country. That's how they've set it out in this trade agreement.
Now, Ukraine's carbon tax is very tiny. I think it's the lowest in the world, and it's applied just in certain sectors of their economy. It's not even across the entire economy.
It would seem to me that putting language like “carbon leakage” in addition to “carbon pricing” is trying to encourage or force Ukraine to increase their carbon tax so that there's no carbon leakage or investment attracted into Ukraine because of their low carbon price.
Would you agree with me, if my interpretation is correct and this was applied, that it would be harmful to Ukraine in their efforts to rebuild?