I would like to turn now to the carbon market. An article in this morning's Le Devoir said, and I quote:
Moreover, the Toronto Stock Exchange is of the opinion that targets based on reducing GHG intensity rather than on absolute reductions, as provided for in the Kyoto Protocol, is not the best approach if we want an efficient market.
That comment was made by some representatives of the Toronto Stock Exchange yesterday. Does your proposal to have intensity-based rules rather than absolute rules for the reduction of GHGs not compromise efforts to set up a carbon market in Canada?
This question is to all our witnesses.