Thank you.
There are a couple of things you've said that I want to respond to.
First of all, I don't like to generalize overall that Canada doesn't attract investment because there is investment coming here. It's just that we need a lot more if we hope to get to 2050. We need a lot of foreign investment to come in here because the Canadian public purse is insufficient. We need private capital to come in, and we need our own private capital to have confidence and clarity in our policies to be able to invest.
With respect to the price on carbon, I'm not necessarily critical of the price on carbon more than.... I don't know what the price of carbon is, so I can't assess its volatility. Further to that, we have a series of carbon markets in this country that are not harmonized. It's like a whole bunch of different currencies that can't trade between each other, so this is problematic.
In answer to your last question about fossil fuels, bear in mind that heavy emitters, whether they be power plants or fossil fuel companies, are the ones that buy the credits. In effect, they are the ones that are meant to finance the clean energy economy through the carbon markets. It is not in our interest to damage the markets that are the source of the capital that we need so much.
We need public financing to get things going. We need the carbon markets and the heavy emitters to help finance the transition to the clean energy economy, and we need private capital to come in—