Thank you.
This is not an easy subject. You are here with us to help us understand it better.
Last year, when you testified before the House of Commons Standing Committee on Finance, you said:
In Canada right now we have 37 Canadian financial institutions engaging with the 40 top emitters for that reason of having a dialogue with the same consistent message of “Think about your long-term strategy, your governance, your targets.”
You then added that you wanted to help them with the transition, so you suggested that they be included in the taxonomy work plan.
Do you not think, though, that it is the role of the government to make laws and regulations, and businesses will then have to adapt to them?
I recall that this is exactly what Lord Deben said when he was on the United Kingdom's climate change committee: We have to make laws, and corporations will follow them.
Would it not be better to do that first, rather than inviting all the major emitters to make their own recommendations for a taxonomy?