Thank you both for being here--in Mr. Delbeke's case, in such a carbon-saving way.
I'd like to pick up where Mr. Delbeke left off and ask both of our guests a question about the clean development mechanism as envisaged under the Kyoto scheme. Let's say someone were to describe the clean development mechanism in the following way: We will not spend taxpayer dollars to buy international hot air credits just to meet our Kyoto targets; these hot air credits would be a bad investment for Canada, spending billions of dollars abroad for zero environmental benefit.
I would like to ask both of you whether that represents a complete and well-informed understanding of the way in which the clean development mechanism is supposed to work, or is actually working, under the Kyoto Protocol.
Mr. Drexhage.