Certainly we are signatories to the Cancun agreement, and that is the framework we will proceed on as the years come, and which was revitalized, and a recommitment was made by all the signatories in Cancun. I think Canadians can be proud of the role played by the then minister of the department and the Government of Canada in the key role of engaging some of the large emitters to commit to the objectives and the targets of the original Cancun agreement.
The Copenhagen accord and our inscribed commitment to reduce Canada's greenhouse gas emissions by 17% from the base year of 2005 by 2020 is a commitment that we will fulfill in a variety of ways. We are doing it, as I explained--and as I know you know--by regulation as we go forward. I will be announcing very shortly, for example, new regulations for the coal-fired electricity generating sector, and then we will move on to other large emitters sector by sector as we go around the wheel.
We address transportation first because that is the largest single sector in terms of emitting greenhouse gases, but our commitment is there, and we have the funds to achieve those commitments. As I said in my opening remarks, we have already taken actions that will move us about a quarter of the way to achieving the 2020 targets.