Commissioner, thank you for being with us again. Thanks as well to the members of your team.
We discussed greenwashing at length with the first witness panel in the first hour of this meeting, and we've talked about it again in this second hour. This past January, a group of sustainable finance experts filed a complaint with Ontario and Quebec regulatory agencies regarding more than $10 billion in sustainability-related loans that had been granted to companies in the fossil fuel industry. Despite their commitments, those companies were actively increasing production.
This isn't the first time I've heard you say that there's no transparency or accountability, that there's a lack of information and that we can't rely on current data.
What will we do if we fall short in what we're doing and those companies can simply circumvent the regulations because there's no binding legislative or regulatory framework?