I'm tempted to say no, it's not under the division of labour. But no, the energy sector is clearly a very important sector in the Canadian economy. We need to understand the short-, medium-, and long-term drivers for investment in those sectors. In fact in the report this last week we highlighted recent developments and structural developments in natural gas markets, which are important for the outlook investment in natural gas in Canada. That's something we've taken into account, which is a potential structural break in investment in natural gas because of developments in U.S. shale gas, an important point for Canada. So we do look at the various sectors and those forces.
I would note that cross-border investment decisions in energy are partially influenced by expectations for the pricing of carbon over time in various jurisdictions. The timeframe for that and the scale of that are also influenced by the prospects for agreements through the various UNCC processes, including what is leading to Copenhagen, and related to that. They are separate tracks, discussions that happened through the G-20.
Now, as a central bank, we obviously take those decisions as they are made and look at the implications for investment and activity in Canada.