Thank you, Chair.
And thank you to the witnesses for being here.
The two questions I have focus on the technologies we need to clean the environment and more questions on intensity-based targets. I'm going to primarily focus on Mr. Jaccard and Mr. Wood.
Mr. Jaccard, you gave testimony at the committee on Bill C-288. In fact, I asked every witness if we could meet the targets. Every witness, except for one, said we couldn't meet the Kyoto targets.
With respect to meeting the Kyoto targets, you were quoted in the National Post on February 9 as saying:
You would have to destroy one-third of the buildings and equipment in your economy in the next four years to meet the Kyoto target.
And then further on in the article, you are quoted as saying:
Buying international credits in a four-year time frame is virtually impossible because you have to buy it from someone. Someone somewhere has to have done some greenhouse gas reductions and we have to be able to verify that they did that. That is really difficult.
First of all, is that a correct quote?
The first question concerns the Kyoto target. There is a lot of rhetoric on that. My understanding from your previous testimony is that we've passed that opportunity to be able to achieve it so we then have to find realistic targets based on policy. What technologies do you see us using to achieve targets of actually reducing greenhouse gas emissions?