Mr. Speaker, I sincerely believe that we are comparing apples and oranges here.
The Quebec system is based on a cap-and-trade mechanism, not a pricing mechanism. The federal system, on the other hand, is based on a mechanism that sets a price per tonne, which sends a signal to the market and consumers to reduce their emissions. These are two completely different systems. The federal government has long recognized Quebec's leadership and, for several years, we have recognized that the Quebec system is equivalent to the federal system.