Over 1,300 Canadian companies are already subject to European disclosure regulations on sustainability. This creates unnecessary asymmetry in the market so that it's only the larger companies that are subject to those EU regulations and, in fact, have the benefit of thinking, in terms of their business strategy, about what global investors are expecting to see. Canada should be stepping forward to meet that global standard.
Similarly, California has policies that will likely affect a number of Canadian companies. Having that asymmetry doesn't make sense. Canada should move forward with policies on its own.