Mr. Speaker, we are happy to talk about why we think pricing carbon is the right way to go. The reality of our situation is that climate change has real costs. Climate change is expected to cost Canada's economy $5 billion a year by 2020. We know that as much as $43 billion a year will be expended by 2050. That is if we do not take action.
We know the appropriate way for us to deal with this is to price carbon. That is why we have come forward with an approach to do this. It has been proved in a province like British Columbia that it can be done in a way consistent with continuing to successfully grow the economy.
We know that to ensure we have a long-term situation where our economy remains healthy, we price the things we do not want, such as pollution, while we encourage the activities we want, such as investing in clean technology over the long run. These things will most certainly go forward with our approach. We know that will help us continue the very positive economic situation we have engineered over the last two and a half years.