First, dealing with Turning the Corner, as I've said quite clearly, the Turning the Corner regulatory plan is one that we continue to work on. The Turning the Corner plan has set out the intent to reduce emissions, the target of minus 20% by 2020. That continues to be the approach of the Government of Canada.
In terms of Turning the Corner itself and the regulatory framework, we continue to develop that regulatory framework. Much of the work involved in regulating industry carries on, and we will ensure that we have in place a regulatory framework in this country that is leading in the world.
There are currently, I think it is fair to say, three realities that are superimposed upon all of this. The first is the need for continued stakeholder consultation, and that is ongoing. Second is the need to continue working with the provinces. Third is the need to ensure that the regulations brought into place fit together with where the new American administration is headed.
I think it is abundantly clear that in a context in which we are prepared to proceed on a North American basis in dealing with the environmental agenda, we need to ensure that any regulatory approach we bring into effect matches in terms of objectives, targets, mechanisms, and architecture what is being proposed in the United States.
On top of that, we need to deal with current economic realities, and we are dealing with all of that.