I agree completely, although I will say that I think there are things the Government of Canada can do to help with the transition. I think our planning to pilot the first transition bonds, for example, might perhaps be one of the things.
The other thing I'm particularly passionate about is the two pieces of financial infrastructure that have been missing—that is, to have a green and transition taxonomy for Canada and to have climate-related financial disclosures. I'm wondering if you could speak to how those create more transparency in the market, allowing you better and more useful information for investment decisions and allowing you to manage climate risk more effectively, etc.
Would you speak to whether CPPIB is supportive of those two initiatives that the federal government has recommitted to and is moving forward on?
