It's the overall cost on the envelope that matters, right? I mean, the change in the Canadian dollar in the last year has vastly reduced costs more than any carbon price would. I think the other way that I've heard oil and gas CEOs say this is that, compared to the amount of money they're losing by not getting market access, the carbon price is small. Their view on that is probably more valuable than mine. I guess what I would say is that a carbon price is relatively modest, particularly if the revenues get reinvested in helping to boost competitiveness, and that could either by through tax cuts or investing in innovation and technology.
On May 9th, 2016. See this statement in context.