I wouldn't agree that there are loopholes. Remember that the taxonomy recommendation says that it has to be aligned with 1.5°C; it cannot extend the current lifespan of production; no new production is included; and it only includes the financing of decarbonizing the existing production. That's because right now the sector produces 30% of Canada's emissions and that's growing, so if we don't deal with decarbonizing the sector while we use it, doing everything else will be harder. That is why we included it.
The EU took a certain approach, but I can tell you that Australia is running with our approach. You have the Asian region doing transition. You have Japan doing transition through model cases, and you have New Zealand doing transition—