In 2006, the government actually, I think, underlined its belief that regulatory initiatives would be essential. In fact, it launched four regulatory initiatives at that time. This House has participated in bringing those forward. They included a new national renewable fuel standard, for which there was legislation, changes to the Energy Efficiency Act, and new regulations on a very wide range of commercial and consumer products. They also included, of course, the overall industrial regulatory regime and, most recently, the new vehicle tailpipe emission standards. Those are all important regulatory initiatives. And it's certainly the case, I would agree, that significant regulatory action will be required to make significant progress in reducing our greenhouse gases.
On October 22nd, 2009. See this statement in context.