Thank you, Mr. Speaker. So, Mr. Speaker, even if we don't accept the proposal that we're putting forward, the tax rates will not change. The tax rates that are being put in place on April 1st from the federal government for carbon tax are coming. What we're trying to do, and what we've done is, particularly after discussions with Members, we're proposing to have a heating fuel offset that will be based on the average household heating usage in the high use zones, middle use zone, and the smaller use zone, which from our calculations, will cover the costs for residents of the increases to the carbon -- as a result of the carbon tax. We are doing that in a way that, of course -- that's the made-in-the-North approach. It allows us to have the flexibility of what to do with the increases in revenues.
We're also, in answering the first half of the Member's question, Mr. Speaker, with respect to what we're going to do to keep people coming up here is to actually have some viable industry. Our approach to the large emitters as opposed to the output-based system of the federal government, Mr. Speaker, is going to allow us that when as diamond mines or other mines or other large emitters may see their production falling, may see the closure plans, that they're not tied to a certain amount that once they're in, they're in. It allows them to plan for closure. It also allows smaller projects, we hope to be seeing, getting off the ground here to be also not subject to the large version of the carbon tax from the federal government.
So we are, again, looking to fully fund as much as can be done for the average resident, their impact, direct and indirect, by carbon tax, and keep industry functioning in a way that is actually adaptive to the Northwest Territories. Thank you, Mr. Speaker.