I think this is really interesting, because I come from northern Ontario, where our lakes were being destroyed by acid rain. They brought in clear caps. Now our lakes have come back.
We're told all the time, and we've heard it today, that the market will figure this out. You know, you put a price on carbon, and emissions are going to go down. Yet Canada's energy regulator has factored in the price of carbon, and they are expecting an increase of at least a million barrels a day. The Canadian Association of Petroleum Producers know what the upcoming price on carbon is going to be and they are talking about major increases. What they are talking about is major increases for export because they know those are not going to be counted in terms of emissions.
If industry and our regulator are planning an increase of a million barrels a day, helped obviously by the $21-billion TMX pipeline to export that, do we have any credible sense that this government's cap in any way will reduce emissions?