Yes, and it's important, as we talk about emissions markets, to understand what they don't do. They are not a substitute for foresight. They are an easy-to-use instrument. But with the technologies we're talking about, you require longer lead times, and you're not going to make these investments based on the short-term price of CO2 in a market. These have to be taken as a public-private imperative, and we have to really look at them from that point of view.
On February 20th, 2007. See this statement in context.