Thank you, Mr. Chair.
Thank you to our witnesses for being here.
Ms. Zvan, I will ask my questions of you. I think you've done a great job of pointing to your colleague whenever it's necessary, so I will let you be the quarterback.
First, something that I know my colleagues across the way and everybody here will agree with is that I am not an expert on sustainable finance by any stretch of the imagination. The first time I heard the word “taxonomy” in this context, I thought we were talking about putting large stuffed trout and ducks on the wall. Then I realized there's a difference between taxidermy and taxonomy. That was news to me at the time.
Now that I understand that we're talking about definitions and terminologies for new categories of sustainable finance that didn't exist 25 years ago, I'm starting to understand it a bit. What I know is that the grass grows where you water it, and businesses grow where you invest. With a pension fund or any large financial operation, you control a lot of money, and you have the ability—to put it into an agricultural context—to control the sunlight and the water and control where things grow.
I try to make it simple for myself. I recognize that when you deprive certain sectors or industries of money that they've relied on for a long time, you might be able to force them to grow less quickly. If it's an industry that's super emissions-intensive, with oil and gas or cement production, you're actually forcing them to innovate, and that's super powerful.
Am I getting this right?