In your question you mentioned the Montreal Climate Exchange's comments that our government is indicating moving with legislation. That is because a regulatory framework or legislation enables the opportunity for the creation of a market, but the government does not create that market; it emerges around a regulatory framework. As I said, when the proposed clean air act is tabled and comes before this committee, I look forward to looking at all the compliance mechanisms available to industry sectors, but as far as the government is concerned, we will not be using taxpayers' money to play in that market; we will not take risks with taxpayers' dollars that way. The emissions trading markets are still relatively new. In the European market in particular we've seen a recent crash that caused losses of hundreds of millions of euros and dollars to taxpayers and governments in Europe, and we will not embark on a risk like that with taxpayers' money.
On October 5th, 2006. See this statement in context.