I want to clearly emphasize the fact that if the government does not provide us with the required framework to launch this market, the market will go elsewhere. Actually, it has already begun to do so. Canada’s largest emitters are already active on other exchanges. It is understandable: they want an economic value to be tied to the efforts they have made to reduce their emissions. In my opinion, it would be disappointing if Canada failed to take the lead in this area, as the United Kingdom has done. It should position itself in this market and keep it in Canada.
On November 23rd, 2006. See this statement in context.