Thanks, Mr. Chair. I think one of the important distinctions are in terms of what's going on in the Yukon and Nunavut, and what is going on in other jurisdictions where the federal government has imposed the backstop. The difference is that, if the NWT decides not to put in a carbon tax, the federal government will impose one. They did not impose one in the case of the Yukon. The Yukon asked them to use their system, which meant that the federal government made the commitment to hand those revenues over.

In the case of the provinces where they did not come up with their own, or asked the federal government, the federal government makes the decisions of what they do with those revenues. That is a fundamental difference between the territories. I know, in the case of the Yukon and Nunavut, they actually collected a lot of our information. They have done some tweaks, obviously, in terms of their approach that were more appropriate for their jurisdiction, but again, the difference is that, because they asked the federal government, the federal government agreed to let them make those decisions. In those provinces where the federal government is imposing the backstop, the federal government is deciding what to do with those revenues. Thanks, Mr. Chair.