First, I'm going to make a comment on tree plantations. After all the questions that have been asked, the only conclusion I can come to is that people lied, the government lied. The government knew full well that planting trees would not contribute to achieving the 2030 reduction targets. It couldn't be clearer.
Now, I'd rather focus on report four. Maybe you can answer my question, Mr. DeMarco, or perhaps Mr. Tardif can.
What concrete risks do Canadian financial systems run if they don't address climate-related risks? We can see—and you said so in your report—that in this respect, we're lagging behind the European Union, particularly the United Kingdom. We're dragging our feet here. So what are the very real risks of not addressing climate-related risks immediately?
You told us in your presentation that full implementation would take years. However, we know that this is urgent. Can you give us a little more detail on the risks?