I read the June 2006 report of the National Roundtable on the Environment and the Economy that said that, in order to ensure the proper establishment of CO2 capture and storage, three elements were essential: incentives, clear prices for CO2 emissions and a cap and trade system for CO2 emissions.
This afternoon, Mr. Keith, you have told us that in order to have the best chance of success, we need a clear regulatory system. You also emphasized the fact that it might be worthwhile to impose a carbon tax. Are you in favour of a carbon tax or of a cap and trade system for emissions?