Thank you, Mr. Chairman.
Mr. Lloyd, you said earlier that over the long term the emissions reductions provided for in Bill C-311 were very high, but that you did not know how they could be realized. The long-term targets contained in this bill are on the order of 80%, which represents more or less the same targets as the United States will be adopting for the period between now and 2050. That is what Europe and all of the other stakeholders adopted. Contrary to what Mr. Woodworth just said, witnesses have indicated that in Europe, using 1990 as a reference year, the target is 34%.
This bill only refers to a 25% target using 1990 as a reference year. So, we are not talking about 80% within a few years. In the long term everyone agrees. That seemed to be what was bothering you earlier—we don't know how we could reach such a high target. However, everyone has the same target.
Something else was said which is that the Kyoto Accord is no longer being discussed, but rather the Copenhagen agreement, which will be much more demanding. The reductions will be much greater and all countries are preparing for them.
Could you tell me, Mr. Lloyd, why you believe that such a bill would favour the United States?