Thank you very much, Mr. Chair.
Thank you, of course, to our witnesses for appearing.
As a matter of a comment for the record, Mr. Chair, since this report comes to us very recently and with the TD Bank's sponsoring the report, Don Drummond, the economist, would be a good witness to have before the committee to explore some of the economic questions in the report. I leave that for the chair's consideration or the committee's consideration at a future point. I think it would be beneficial to have Mr. Drummond appear to explain the TD Bank's report.
Mr. Bramley, you said every model has different results. You've obviously chosen a very specific model for the report. I notice that on the inside cover the position of the David Suzuki Foundation talks about the policy choices being constrained by the model and says they represent some of the potential scenarios for achieving a GHG emission reduction target in 2020. I note further that they actually have a disclaimer that they don't specifically endorse the technologies and policies in the report. Apart from that, you've chosen a very specific path here.
I'm going to ask you some questions on that in short order by comparison too.
Back in the spring, I wrote the Parliamentary Budget Officer asking for him to do a full cost accounting of Bill C-311, and we had some exchange with Mr. Page. He presented a bit of an outline of what he thought could be a framework for considering this. Under the idea of new policy scenarios, he makes the point:
A number of policy scenarios would need to be developed since there are likely multiple approaches and combinations of approaches to achieve required reductions in emissions. The use of different approaches or combinations of approaches would likely result in differential economic impacts.
So my point, first of all, is that this is one opinion with respect to the economics, based on certain key assumptions. There are things that are not included in this report, in terms of alternate pathways to compare. Is that a fair assessment?