Thank you very much, Mr. Chairman.
I have a couple of points to help with this discussion.
As I said earlier, I was a federal civil servant for a long time. I was actually part of some of the negotiations and policy development. I can remember at least seven years ago having some discussions on the carbon market and the cap in trade. My sense is that we have a very good idea of what we need to do. There are some difficult decisions that have to be made, such as setting particular caps for certain industries or sectors, but we really have a good idea of what we need to do. The U.K. and Europe have moved ahead and actually put a carbon market in place.
Secondly, responding to Mr. Cullen's comment, yes, indeed, Canadian credibility has taken a bit of a bashing recently. It wasn't always the case. But I would put it much more positively. I believe we have the ingenuity in Canada to address this issue and tackle it successfully. Technologically, I think we have many of the technologies we already need. I was at a conference recently in Ottawa, at the Chateau Laurier, where there were a large number of industry types talking about what they were able to achieve and why it was in their interest to achieve it.
I think if you look at the national round table's recent report--