Thank you for your question. As you well know, credit exchange markets do not need the government's permission to emerge. There is not a national regulatory framework for greenhouse gas emission reductions in the United States, and we have the Chicago Climate Exchange that is operating.
I've met with the Montreal Climate Exchange proponents, and what I will say is that there are a number of compliance mechanisms that we can look at as a government. I look forward to discussing all of those with this committee in terms of ways whereby we can help industry achieve reductions. As you know, there is only a certain amount of in-house reductions that industry can make based on best available technology or potentially near coming available technology.
Beyond that, what they look for is other compliance mechanisms, and there are a number of those that we can discuss. When the clean air act is tabled I look forward to discussing those with you. As I said, trading itself is one of those compliance mechanisms that's available to industry, but what I will tell you is that this government will not be a part of the trading market. We will not use taxpayers' money to play the trading market. We will not put together a pool of taxpayers' money of credits, which is what the last government did, to buy and sell credits or to create an inflated, artificial market.