Thanks, Mr. Chairman.
Thank you, gentlemen, for showing up this morning and being with us. I'd like to go back to a line of questioning that I've been putting to a number of industrial sectors. Many of you have addressed this in your presentations, but I just want to get it on the record in terms of your views on three different fronts.
I'd like to get this from you quickly, since we've only got seven minutes. Could you address the three following elements in this question.
Question one: To what extent have your industry sectors already been actively engaged in the entire Kyoto process—that is nationally, here, and internationally?
Question two: The government has ruled out the participation of Canadian industry in international carbon markets. That's clear. We've asked that question four times now and have had four very clear answers. We're not participating in international carbon markets. The Toronto Stock Exchange president says this is going to cause very excessive costs for Canadian companies who may be trading only on a domestic market, for example. Can you tell me, and tell Canadians, in dollars and cents, what this will mean for your companies if you cannot participate in the international carbon markets?
Question three: Many of you have talked about the fact that that you've already met your Kyoto targets. You've exceeded those Kyoto targets. Can you help us understand how you would like to be treated in terms of credit for early action, the action you've already taken since 1990? I think maybe two or three of the presenters have said straight up that your Kyoto targets are met. Would you like to see the treatment of your sectors reflect that you should get credit for early action—and using 1990 as the baseline, not 2003, as the government is proposing?
On those three elements, please, I'd like to hear from you, if I could.