In our climate scenario analysis, which we did last year with the Bank of Canada, we looked at that. What happens is the longer you delay adapting to climate change, the greater the risk of financial instability.
If we stopped all of this today, would the system buckle? No. Funding costs would probably go up.
In the 2030s, when the impact of climate change and the impacts of the transition that other countries are making are starting to be felt, there would be a rising risk of financial instability in Canada.