Excellent.
We are seeing a lot of momentum in Europe when it comes to making transition plans mandatory. They have to be detailed, sound plans that set out significant requirements. There is also a lot of momentum around establishing penalties. That requires thinking about the institutional process that's needed to do those checks and penalize bad actors.
In Canada, in recent years, we've seen some good work with the legislation Senator Galvez introduced, Bill S‑243. It sets out a series of ambitious obligations, including in relation to transition plans, both to control the behaviour of financial institutions and to regulate large companies regarding their disclosures.