Thank you, Mr. Chairman. I would like to go back to the federal approach presented to date. I am at paragraph 1.49 which is on page 22 of Chapter 1 in the English version.
I must say that this is somewhat of a shock to me. It has always been said that if we want to meet our targets, the large industrial emitters must be in a position to deliver the goods. That is a prerequisite. What you are saying in paragraph 1.49 is that projections show that the large final emitter system, which aims to reduce emissions intensity, would not lower absolute emissions below 1990 levels.
You are telling us that the strategy... I have listened to what the government has said in recent days. The possibility of regulating the oil industry has not been ruled out. Again last week, Ms. Ambrose said that we had to face facts: the oil industry must be regulated.
You are telling us, on page 22, that this regulated market-based approach is only reducing greenhouse gas emissions. That does not allow us to reach 1990 levels.
I must point that out, because it leads me to another question. What are we going to do now to ensure that large industrial emitters can deliver the goods? If the approach that aims to regulate large industrial emitters does not enable us to meet our target, what are we going to do? Would you favour another approach?