We've heard in previous testimony that these ESG investment strategies have broadly underperformed typical portfolios with more diversified strategies by more than about 250 basis points per annum over the past five years.
If this Liberal-NDP coalition decided to impose an ESG mandate on the CPP or any other pension funds in this country, it would cost Canadians potentially tens of billions of dollars in lost income and lost security for their retirement and their futures. In your assessment, is that an accurate portrayal?