From what I understand, an equivalency agreement has been signed with Alberta, but it does not at the moment contain any mechanism for compliance verification. My understanding was that you wanted such a mechanism to be included in equivalency agreements, so as to ensure that the commitments on the part of the provinces, as well as on the part of the federal government be respected. Is that the case?
Furthermore, I would like to know what means the federal government has as its disposal to end an equivalency agreement and based upon what criteria it can do so. In the context of our BQ-6 amendment, we suggested several days ago that the written equivalency notice provided for in subsection (1) be revoked with three months' written notice by an independent organization. This was the organization we wanted to establish.
In the end, it would be the Green Investment Bank of Canada, by virtue of what was passed in the context of the Liberal amendments, which would now be responsible for determining if the agreement is consistent or not, or perhaps even if it should end. Did we not decide to charge this independent organization that we have created with carrying out this evaluation? These conformity mechanisms now come under it, do they not?