No, Mr. Speaker, that will not reverse our opposition to the heavy-handed imposition of a national carbon tax.
Our government, in our time, worked with the major producers in the energy industry on regulations for that industry to set emission intensity limits and to apply compliance penalties for any over-emissions. These producers will accept a national carbon tax because they will pass it on to consumers, and consumers will pay the price for this general tax in a variety of ways. Ontarians are going to pay into the cap and trade system, and the money raised will be used by the Ontario government. It will go into general revenues and will do nothing to effectively lower CO2 emissions in Ontario.