I'm glad you've seen our report. I will underline at the outset that when I chaired that panel I was dean of the Rotman School of Management. Together with the other expert panel members, we delivered that to the Minister of Finance and the Minister of the Environment. It's really up to them now to decide what to do with those recommendations.
I do think that responding to climate change is going to take a whole-of-government and whole-of-economy effort. It's going to take the public sector and, importantly, it's going to take the private sector. Ultimately, the private sector does most of the production in this economy and has a very important role to play too.
I'm going to ask my colleague Deputy Governor Wilkins to say a few words on the bank's research and strategy around climate change, but I will just underline that climate change is a big force on the economy and it's going to be accelerating. We at the bank are going to have to accelerate the work we're doing, as are other organizations and as is the private sector.
Senior Deputy Governor Wilkins, do you want to say a few words about our strategy?