It goes back to the heart of what I said, which is that sacrifice is at the heart of being good. If you're going to ask banks to do something, you have to ask, “Who's paying for it?” Bankers are. It's not coming from bankers' personal wealth. The market cap of the five biggest Canadian banks, collectively, would be a drop in the ocean of the cost of meeting climate change.
If you ask banks to bear this cost—and what I hear when I hear that is that you have to lend to green energy companies at below market rates, because if it's at market rates, you don't need any of this stuff—guess who's going to bear the cost. It's going to be depositors. Is that really what you want of this process?
Acting like banks are like big tech companies with hundreds of billions of dollars to throw around is delusional, so ultimately, if you put strictures on banks, the people who will pay this—and I can almost guarantee you this outcome—will not be bank shareholders and managers; it will be bank depositors, and I thought your role was to protect them.