You are well aware, Mr. Minister, that money alone will not be enough for us to reach our Kyoto targets. The Liberals have shown us that misdirected spending can lead to a 27% increase in emissions. It is also a matter of the approach taken. Will the intensity-based targets that you are setting not favour, first and foremost, the oil companies?
Furthermore, you will be jeopardizing an emissions credit trading system if you do not set hard targets. The Europeans have already stated that a large number of agreements between emissions credit trading systems were required. With these intensity-based targets, are you not favouring the large polluters while at the same time jeopardizing the carbon credit trading system in Canada, which is fundamental if we want to reach our Kyoto targets?