We don't speak to these issues in great detail. I think the fundamental point that's being conveyed is, if we bring in an emissions cap and trade system, if there is auctioning of permits as part of that, such that there are revenues attached to that system, those should be recycled into expenditures on climate change mitigation measures. It does seem to make some sense to have one umbrella fund under which a series of specifically dedicated funds would operate. I think it's important to have that sense of a loop between revenues from fiscal instruments being expended for the purposes for which those funds are being collected--in particular, I think, in dealing with large final emitters, the concept that where it's needed, funding support would be available to help them deal with those caps. We should be at a serious enough level to force real change.
On March 1st, 2007. See this statement in context.