I note there are 40 companies, approximately, in Canada that contribute roughly 90% of the emissions. These 40 are listed on the Toronto Stock Exchange.
I note the U.K. phased in disclosures—I think it's the same in the EU—over a number of years.
Mr. Usher, could you speak about carving out SMEs, and what the rationale for that would be? How have other jurisdictions phased in disclosure to ensure companies have some runway in order to adapt to new disclosure requirements?