Mr. Speaker, Jean Tirole, who won the equivalent of a Nobel Prize in economics, wrote in his book Economics for the Common Good that there is another disturbing aspect to carbon leakage. In this case, Canadians would be paying such high prices that they would not utilize, for example, gasoline manufactured in Alberta. Instead, that gasoline would go to other nations, such as the United States, and because more of it would be available at a lower cost, they would use more of it. Creating a higher carbon price in one jurisdiction not only makes that jurisdiction less competitive, but it lowers the cost in the other jurisdiction and more of that product is burned. Mr. Tirole is a world-renowned economist.
The government has to come to terms with these things, as we do.