It is certainly the case that timing is essential. There is a risk that capital flows don't get to where they need to be. There are risks of greenwashing, so timing is really essential. I think one of the challenges in Canada is that we face a different type of economy than in other jurisdictions. We have a large natural resource sector, and those are often high-emitting sectors. It's taken some time to find the right balance to have conversations with stakeholders about what the taxonomy should be.
On November 18th, 2024. See this statement in context.