Environment committee  As the minister said, we're still only at the regulatory framework stage of that. However, the oil and gas cap was designed to take into consideration the expected emissions with the sector. It is designed very much to be an impediment to actual greenhouse gas emissions as opposed to production levels.

Environment committee  I'll note a few things in response. As the minister indicated, in terms of support for the oil and gas sector, the government is moving forward ahead of the pack in terms of the elimination of inefficient fossil fuel subsidies on a go-forward basis. If you layer on top of that the cap on oil and gas emissions, these are clearly efforts to ensure that oil and gas does not pose an existential threat to the ability to achieve our climate change targets.

Environment committee  Thanks for the question. I think that would make the assumption that somehow the carbon price is a form of spending that could be redirected elsewhere, whereas, in operation, the carbon price is something that is charged and then largely revenue-neutral, where the funding is actually returned in various different ways, sending a price signal.

Environment committee  Thanks for the question. Again, I'll start and then turn to Derek to provide additional detail. It's probably worth starting with saying what we actually have provided so far and to maybe try to clarify a few things that came up in the earlier rounds of questioning. What we've done so far has been to provide all the assumptions that drive the two reference cases: the one reference case with the existing measures and one with the additional measures.

Environment committee  Mr. Chair, Derek may explain it better than I'm capable of.

Environment committee  I'll perhaps start, and then I'll turn to Derek to add some additional information. It's the distinction between how much of the carbon price might have affected emissions in one year versus how much by mid-2030. When you've heard us talking about one-third...responsible for one-third of reductions, we are talking about the 2030 number.

Environment committee  Thank you. It's partly making sure you draw the distinction between national inventory report numbers, which talk about the amount of emissions in any given year, versus the projections we do for future years on the basis of the model. As the minister has indicated, there was a previous question where we talked about how to attribute individual transportation as something for an emissions reduction, but we can, using our model, determine the extent to which emission projection reductions—