This morning, you said that you could handle absolute targets, but the option you are advocating is an intensity-based one.
This week, representatives of the Toronto Stock Exchange said that an intensity-based approach could create problems. Even the Pembina Institute said straight out that the European system was based on absolute emissions, and that it would be very difficult to incorporate a Canadian carbon exchange if we opt for an intensity-based approach.
How can you advocate an intensity-based approach when some industries say that it would create administrative costs, additional costs with the market, while the EU says there would be a problem if Canada chose to go with an intensity-based approach.
I would like to hear your views on this.