Finance committee  It's a standard regulatory process. I'm not sure if you're asking me a question or making a comment.

Finance committee  I can answer that. As long as the Alberta government retains its current carbon pricing system, this legislation will not apply in Alberta. There will be no interaction. I appreciate that “rebate” is a general term, but the rebates that my colleague referred to are a kind of f

Finance committee  Thank you for your question. The law provides two things. First, it requires that the government return all direct revenue to the jurisdiction, but then it provides discretion as to how to do that. It can return the money to the government or to designated persons. Minister Mc

Finance committee  The government hasn't made up its mind; that's true. What's in front of the committee is the law that provides for that discretion.

Finance committee  I'll defer to my colleagues, but I think that's broadly correct. Again, if the federal government chooses not to return the money directly to the provincial or territorial government, it would first have to designate persons by means of regulation. So there will be a transparen

Finance committee  Yes, I did use a very general term, “market failures”. Maybe I could just expand on that a little. There are various scenarios in which carbon pricing on its own either won't work or won't work fast enough. It's for that reason that the pan-Canadian framework also includes regula