Finance committee  There's another issue. The trigger established in new clause 198.1 is a report that would have been required pursuant to an amendment that was defeated. That report is not going to be produced, so there will be no trigger here.

Finance committee  Certainly, I'd be happy to repeat the explanation. The way the pricing system will work is that the bill would come into force, and then for industries that are subject to part 2 of the bill, they will immediately start monitoring their emissions. After the first year, they wil

Finance committee  That's correct.

Finance committee  This says that the main factor would be the stringency of the pricing system for greenhouse gas emissions. The GIC would need to look to the question whether that particular jurisdiction has a pricing system for greenhouse gas.

Finance committee  Can I answer that question? The actual amendment is designed to limit the Governor in Council's ability to do just what you said, to constrain that discretion from accounting for any factor that the GIC considers appropriate, which is in the current bill—

Finance committee  —to the primary factor being stringency, so it limits the Governor in Council's discretion, not broadens it.

Finance committee  Mr. Chair, the amendment, as Mr. Fergus indicated, is a clarification of the government's policy intent. It has been articulated in a series of documents that are public, starting with the pan-Canadian approach to pricing carbon pollution. That's the document that sets out the ba

Finance committee  That's correct. The primary focus of the decision would be the stringency, as interpreted by the documents I just referred to of the various provincial systems. That is the basis for assessing whether the provincial systems meet the federal standard, and in turn whether there is

Finance committee  That's correct. The act does not define stringency. I would add that when interpreting legislation, a consistent record of policy that's been articulated and made public would be an appropriate reference point.

Finance committee  I can have my Finance colleagues follow up on the answer to this, but the main price impact on a fisher—I believe that's the right term—would be in terms of the increase in price in cost of fuel. If we assume that most fishing boats use diesel fuel, then the price impact on diese

Finance committee  They will follow.

Finance committee  The federal government has legislative authority under another act, which it currently exercises to collect emission reduction information from industry and other kinds of institutions. It compiles that information in a national annual report. There's no authority provided in thi

Finance committee  Indeed, under the current governance arrangement under the pan-Canadian framework, there is an agreement to do collective reporting. We just issued the first annual report of the implementation of the pan-Canadian framework. That was a report that was endorsed by all jurisdiction

Finance committee  If the federal government receives that information, it can report it, and indeed has made the commitment to do so under the pan-Canadian framework. The legal challenge we would have is that if Parliament required the federal government to report on the outcome of a provincial

Finance committee  That seems like straightforward economics, yes.