Mr. Speaker, I want to congratulate my colleague on recognizing the fact that climate change is real, for starters, and a problem. I hope I can say the same for the rest of his colleague, but I am not sure if I can.
I listened to his description of the math and the taxes and how they add up, but I think he is missing the fact that the whole reason we want to tie this to the economics is so that it drives incentive within the companies to decrease their emissions, to decrease their contributions to carbon. Therefore his math will not add up because he is basing it on what present day emissions are worth. Give this two years to be phased in and then a gradual increase over the following five years.